Four Cheap Dividend Stocks To Buy Right Now

#1 Staples, Inc. (NASDAQ:SPLS)

– Investors with Long Positions (as of December 31): 49

– Aggregate Value of Investors’ Holdings (as of December 31): $1.05 million

Amid an almost 20% drop of its stock during the fourth quarter, the ownership of Staples, Inc. (NASDAQ:SPLS) among investors covered by us came down by five and the aggregate value of their holdings decreased by $283 million. However, it still had the support of enough funds to emerge as the most popular cheap dividend stock among hedge funds going into 2016. Notable investors in the company included Richard S. Pzena‘s Pzena Investment Management, which increased its holding in Staples by 31% to 33.30 million shares during the October-December period. The quarterly dividend of $0.12 per share, at its current stock price, translates into a dividend yield of 4.80%. On March 4, Staples, Inc. (NASDAQ:SPLS) reported EPS of $0.26 on revenue of $5.30 billion for its fiscal 2015 fourth quarter, compared to EPS of $0.31 on revenue of $5.66 billion it had reported for the same period of the previous year. On March 18, the company along with Office Depot (NASDAQ:ODP) sent a letter to their shareholders stating that in spite of the Federal Trade Commission (FTC) refusing their proposed merger, their commitment to the deal hadn’t changed. Furthermore, they also alleged that the FTC in making its case refused to acknowledge the emergence of new competitors like Amazon (NASDAQ:AMZN) in the office stationary supply market.

Disclosure: None