5 Under-the-Radar High Dividend Stocks to Buy

In this article, we discuss 5 under-the-radar dividend stocks to buy. If you want to read our detailed analysis of dividend stocks and their historical performance, go directly to read 15 Under-the-Radar High Dividend Stocks to Buy. 

5. Medifast, Inc. (NYSE:MED)

Dividend Yield as of March 13: 6.13%

Medifast, Inc. (NYSE:MED) is an American marketing company that specializes in health-related and weight-loss products. In its Q4 2022 earnings, the company posted revenue of $337.2 million, which beat Street estimates by $7.1 million. For FY22, its revenue grew by 4.8% year-over-year to $1.6 billion. During the quarter, the company returned nearly $18 million to shareholders in dividends.

Medifast, Inc. (NYSE:MED) is one of the high-dividend stocks on our list as the company has been raising its dividends consistently since 2015. It currently pays a quarterly dividend of $1.64 per share and has a dividend yield of 6.13%, as of March 13.

At the end of Q4 2022, 18 hedge funds tracked by Insider Monkey held stakes in Medifast, Inc. (NYSE:MED), the same as in the previous quarter. The collective value of these stakes is over $112.3 million. Ken Griffin’s Citadel Investment Group was the company’s leading stakeholder in Q4.