5 Mid-Cap Dividend Stocks to Buy Now

4. Autoliv, Inc. (NYSE:ALV)

Dividend Yield as of March 30: 3.31%

Market Capitalization as of March 30: $6.782 billion

Number of Hedge Fund Holders: 23

Autoliv, Inc. (NYSE:ALV) was founded in 1953 and is headquartered in Stockholm, Sweden. The company designs and sells safety systems to the automotive industry. Autoliv, Inc. (NYSE:ALV)’s customers are based in Europe, the Americas, China, Japan, and Asia.

On February 22, Autoliv, Inc. (NYSE:ALV) announced a $0.64 per share quarterly dividend, in line with previous. The dividend was paid on March 23, to shareholders of record on March 8. The stock yields 3.31% as of March 30. 

Jefferies analyst Philippe Houchois on March 15 maintained a Buy recommendation on Autoliv, Inc. (NYSE:ALV), but lowered the price target to $108 from $121. The analyst is adjusting estimates in his automobile coverage for “a stagflationary environment” given increased input costs, continued supply chain issues, and price and “potential demand destruction”.

According to the fourth quarter database of Insider Monkey, 23 hedge funds were bullish on Autoliv, Inc. (NYSE:ALV), up from 19 funds in the last quarter. Christer Gardell and Lars Forberg’s Cevian Capital is the biggest shareholder of the company, with roughly 6 million shares worth $611 million.