5 Best Beaten Down Dividend Stocks to Invest in Now

2. Vale S.A. (NYSE:VALE)

Number of Hedge Fund Holders: 34
Year-to-Date Share Price Decline: 22.4%

Vale S.A. (NYSE:VALE) is a multinational mining company, based in Brazil. The company is one of the largest producers of nickel, iron ore, and other metals. It currently offers a semi-annual dividend of $0.5519 per share and has a dividend yield of 10.83%, as of March 30. It is among the best dividend stocks on our list.

Vale S.A. (NYSE:VALE) was included in 34 hedge fund portfolios at the end of Q4 2023, which remained unchanged from the previous quarter, according to Insider Monkey’s database. The stakes owned by these hedge funds have a total value of more than $1 billion. With over 18 million shares, Fisher Asset Management was the company’s leading stakeholder in Q4.

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