5 Oversold Dividend Stocks To Buy Now

In this article, we discuss 5 oversold dividend stocks to buy now. If you want to read our detailed analysis of dividend stocks and their previous performance, go directly to read 12 Oversold Dividend Stocks to Buy Now.

5. Rogers Communications Inc. (NYSE:RCI)

14-Day RSI As of March 30: 27.6

Rogers Communications Inc. (NYSE:RCI) is a Canadian communications and media company that offers services and products related to wireless communications, cable television, media broadcasting, and the internet. On February 1, the company declared a quarterly dividend of C$0.50 per share, which was in line with its previous dividend. Overall, it has been paying regular dividends to shareholders for nearly 20 years, which makes RCI one of the best dividend stocks on our list. The stock’s dividend yield on March 30 came in at 3.6%.

At the end of the fourth quarter of 2023, 23 hedge funds in Insider Monkey’s database reported having stakes in Rogers Communications Inc. (NYSE:RCI), compared with 24 in the preceding quarter. The collective value of these stakes is over $586.2 million. With roughly 2.6 million shares, Point72 Asset Management was the company’s leading stakeholder in Q4.

4. Entravision Communications Corporation (NYSE:EVC)

14-Day RSI As of March 30: 26.9

Entravision Communications Corporation (NYSE:EVC) is a diversified media company that owns television and radio stations in Hispanic markets. The company pays a quarterly dividend of $0.05 per share, having raised it by 100% in 2022. The stock supports a dividend yield of 12.20%, as of March 30.

As of the end of Q4 2023, 15 hedge funds tracked by Insider Monkey reported having stakes in Entravision Communications Corporation (NYSE:EVC), up from 14 in the previous quarter. The consolidated value of these stakes is more than $30 million.

3. Bank of the James Financial Group, Inc. (NASDAQ:BOTJ)

14-Day RSI As of March 30: 26.8

Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) is a Virginia-based commercial banking company that offers various banking and financial services to its consumers. On February 2, the company declared a 25% hike in its quarterly dividend to $0.10 per share. This was the company’s second consecutive year of dividend growth, which makes BOTJ one of the best dividend stocks on our list. The stock offers a dividend yield of 3.86%, as of March 30.

At the end of Q4 2023, just 1 hedge fund held stakes in Bank of the James Financial Group, Inc. (NASDAQ:BOTJ), worth over $1.3 million.

2. Sirius XM Holdings Inc. (NASDAQ:SIRI)

14-Day RSI As of March 30: 21.99

Sirius XM Holdings Inc. (NASDAQ:SIRI) is a leading American audio entertainment company that also offers various other forms of audio content. It is one of the best dividend stocks on our list as the company has been growing its dividends for the past seven years. It currently offers a quarterly dividend of $0.0266 per share and has a dividend yield of 2.74%, as of March 30.

As per Insider Monkey’s database of Q4 2023, 22 hedge funds held investments in Sirius XM Holdings Inc. (NASDAQ:SIRI), compared with 24 in the previous quarter. These stakes have a total value of more than $34.5 million. Warren Buffett’s Berkshire Hathaway was the largest stakeholder of the company in Q4, with over 40.2 million shares.

1. Hanover Bancorp, Inc. (NASDAQ:HNVR)

14-Day RSI As of March 30: 12.22

Hanover Bancorp, Inc. (NASDAQ:HNVR) tops our list of the best dividend stocks that are oversold. The American bank holding company started paying dividends in 2022 and has maintained its payments since then. It currently pays a quarterly dividend of $0.10 per share and has a dividend yield of 2.70%, as of March 30.

Hanover Bancorp, Inc. (NASDAQ:HNVR) was a part of 3 hedge fund portfolios at the end of Q4 2023, as per Insider Monkey’s database. The total value of stakes owned by these hedge funds is over $607,000.

You can also take a look at 11 Best Beaten Down Dividend Stocks to Invest in Now and 10 Best Industrial Machinery Stocks to Invest In