5 Under-The-Radar Dividend Stocks to Buy Now

2. C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)

Dividend Yield as of August 24: 1.88%

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) is a Minnesota-based transport company that also specializes in third-party logistics. The company was added to Evercore ISI’s Tactical Outperform list in August, as the firm appreciated the company’s material defensive qualities during previous market downturns.

For Q2 2022, C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) reported revenue of $6.8 billion, presenting 23% year-over-year growth. The company’s cash position remained strong, as cash generated by operations improved by $116 million to $265 million. In addition to this, cash returned to shareholders increased by 100% during the quarter, amounting to $409 million, of which dividend payments accounted for $72.4 million.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) pays a quarterly dividend of $0.55 per share, with the stock having a dividend yield of 1.88% as recorded on August 24.

At the end of Q2 2022, 26 hedge funds tracked by Insider Monkey’s database owned stakes in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW), compared with 23 in the previous quarter. The collective value of those stakes was roughly $520 million. With over 10.6 million CHRW shares, First Eagle Investment Management was the company’s leading stakeholder in Q2.