5 Best Beaten Down Dividend Stocks to Buy

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1. Thermo Fisher Scientific Inc. (NYSE:TMO)

Number of Hedge Fund Holders: 103
1-Year Share Price Decline as of October 18: 7.58%

Thermo Fisher Scientific Inc. (NYSE:TMO) is a leading global company in the fields of scientific research, healthcare, and life sciences. The company offers a per-share dividend of $0.35 every quarter and has a dividend yield of 0.30%, as of October 18. It has been rewarding shareholders with growing dividends for the past six consecutive years, which places it as one of the best dividend stocks on our list that have lost their value in the past year.

Thermo Fisher Scientific Inc. (NYSE:TMO) was a part of 103 hedge fund portfolios at the end of Q2 2023, up from 98 in the preceding quarter, as per Insider Monkey’s database. The total value of stakes owned by these hedge funds is roughly $7.2 billion.

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