5 Under-The-Radar Dividend Stocks to Buy Now

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In this article, we discuss 5 under-the-radar dividend stocks to buy now. If you want to read our detailed analysis of dividend stocks and their importance in the current economic environment, go directly to the 10 Under-The-Radar Dividend Stocks to Buy Now.

5. Ross Stores, Inc. (NASDAQ:ROST)

Dividend Yield as of August 24: 1.41%

Ross Stores, Inc. (NASDAQ:ROST) is a California-based chain of discount department stores. The company was popular among elite funds in Q2 2022, as 46 hedge funds tracked by Insider Monkey’s database owned stakes in the company, up from 44 a quarter earlier. Those stakes were valued at over $812 million.

In Q2 2022, Ross Stores, Inc. (NASDAQ:ROST) had nearly $4 billion available in cash and cash equivalents, and its total assets stood at roughly $7 billion. The company’s revenue for the quarter came in at $4.5 billion, falling by 4.6% from the same period last year. In addition to this, it paid $217 million in dividends during the quarter, up from $203 million paid in the prior-year period. Ross Stores, Inc. (NASDAQ:ROST) pays a quarterly dividend of $0.31 per share, raising it by 8.8% in March. The stock’s dividend yield stood at 1.41% as of August 24.

In August, Barclays raised its price target on Ross Stores, Inc. (NASDAQ:ROST) to $98 with an ‘Overweight’ rating on the shares, appreciating the company’s earnings beat in Q2.

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