5 Oversold Dividend Stocks to Invest In

In this article, we discuss 5 oversold dividend stocks to invest in. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 11 Oversold Dividend Stocks to Invest In. 

5. GFL Environmental Inc. (NYSE:GFL)

14-Day RSI As of July 30: 25.4

GFL Environmental Inc. (NYSE:GFL) is a Canada-based waste management and environmental services company that provides a wide range of related services to its consumers. The company currently pays a quarterly dividend of $0.013 per share, having it raised by 8% in April this year. This was its second consecutive year of dividend growth, which makes it one of the best dividend stocks on our list. The stock has a dividend yield of 0.15%, as reported on July 30.

At the end of Q1 2023, 21 hedge funds tracked by Insider Monkey owned stakes in GFL Environmental Inc. (NYSE:GFL), worth nearly $290 million in total.

Ave Maria made the following comment about GFL Environmental Inc. (NYSE:GFL) in its Q1 2023 investor letter. Here is what the firm has to say:

“The strong operational performance of the Fund’s top holdings noted in the 2022 Annual Letter continued in the first quarter. Additionally, several of the catalysts for improved investor sentiment mentioned in the same letter came to fruition. The catalysts include: GFL Environmental Inc. (NYSE:GFL) announcing the divestiture of some non-core assets, and eDreams’ reported earnings reflecting the continued transformation from a transaction-based business model to a subscription-based business model. The stock prices of GFL and eDreams were up during the quarter, 18% and 46% respectively. Overall, the combination of strong operating performance and improving investor sentiment led to outperformance versus the Fund’s index.”