In this article, we discuss 5 52-week low dividend stocks to consider. If you want o read our detailed analysis of dividend stocks and their historical performance, go directly to read 12 52-Week Low Dividend Stocks To Consider.
5. Iridium Communications Inc. (NASDAQ:IRDM)
Number of Hedge Fund Holders: 33
1-Year Share Price Decline as of March 18: 56.3%
Iridium Communications Inc. (NASDAQ:IRDM) is a Virginia-based mobile phone operator company that offers voice and data communications services to businesses, governments, and individuals worldwide through its network of low Earth orbit (LEO) satellites. The company started its dividend policy in 2022 and currently offers a quarterly dividend of $0.13 per share. The stock has a dividend yield of 1.96%, as of March 19.
According to Insider Monkey’s database of Q4 2023, 33 hedge funds held stakes in Iridium Communications Inc. (NASDAQ:IRDM), up from 28 in the previous quarter. The total value of these stakes is over $425.4 million. With over 2.6 million shares, Silver Heights Capital Management was the company’s leading stakeholder in Q4.
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4. International Game Technology PLC (NYSE:IGT)
Number of Hedge Fund Holders: 33
1-Year Share Price Decline as of March 18: 20.2%
International Game Technology PLC (NYSE:IGT) is a gaming company that specializes in the design, development, manufacturing, and distribution of related products and services for both land-based and online casinos worldwide. The stock has fallen by 20.2% in the past 12 months, as of the close of March 18. On March 12, the company declared a quarterly dividend of $0.20 per share, which was consistent with its previous dividend. Overall, it has been paying regular dividends to shareholders since 1993, which makes it one of the best 52-week low stocks to consider. The stock’s dividend yield on March 19 came in at 3.94%.
As of the end of the fourth quarter of 2023, 33 hedge funds tracked by Insider Monkey held stakes in International Game Technology PLC (NYSE:IGT), growing from 29 in the previous quarter. These stakes have a total value of over $293.3 million.
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3. Vale S.A. (NYSE:VALE)
Number of Hedge Fund Holders: 34
1-Year Share Price Decline as of March 18: 23.5%
Vale S.A. (NYSE:VALE) is a Brazilian multinational mining company engaged in the extraction and production of iron ore, nickel, copper, coal, and other minerals. The company currently pays a semi-annual dividend of $0.5519 per share for a dividend yield of 11.67%, as of March 19. It is among the best 52-week low stocks on our list.
Vale S.A. (NYSE:VALE) was a part of 34 hedge fund portfolios at the end of Q4 2023, the same as in the previous quarter, as per Insider Monkey’s database. The stakes owned by these hedge funds have a total value of over $1 billion. Among these hedge funds, Fisher Asset Management was the company’s leading stakeholder in Q4.
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2. Bristol-Myers Squibb Company (NYSE:BMY)
Number of Hedge Fund Holders: 60
1-Year Share Price Decline as of March 18: 23.2%
Bristol-Myers Squibb Company (NYSE:BMY) is a global biopharmaceutical company that focuses on discovering, developing, and delivering innovative medicines to address serious diseases and medical conditions. The company’s quarterly dividend comes in at $0.60 per share for a dividend yield of 4.65%, as of March 19. It is one of the best 52-week low stocks on our list as the company maintains an 18-year streak of consistent dividend growth.
At the end of Q4 2023, 60 hedge funds held stakes in Bristol-Myers Squibb Company (NYSE:BMY), compared with 65 in the previous quarter, according to our database. These stakes have a value of nearly $2 billion collectively.
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1. Pfizer Inc. (NYSE:PFE)
Number of Hedge Fund Holders: 79
1-Year Share Price Decline as of March 18: 32.08%
Pfizer Inc. (NYSE:PFE) tops our list of the best 52-week low dividend stocks to consider. The multinational pharmaceutical company has been growing its dividends for the past 14 consecutive years and offers a quarterly dividend of $0.42 per share. The stock’s dividend yield on March 19 came in at 6.06%.
The number of hedge funds tracked by Insider Monkey owning stakes in Pfizer Inc. (NYSE:PFE) grew to 79 in Q4 2023, from 73 in the previous quarter. The collective value of these stakes is over $2.2 billion.
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You can also take a look at Jim Cramer Made Accurate Predictions About These 9 Stocks and 20 Most Owned Stocks by Hedge Funds Now
