5 Best Dividend Stocks to Buy According to Crispin Odey’s Hedge Fund

1. Newell Brands Inc. (NASDAQ: NWL)

Odey’s Stake Value: $1,000
Percentage of Crispin Odey’s 13F Portfolio: 0.001%
Dividend Yield: 3.45%
Number of Hedge Fund Holders: 24

Newell Brands Inc. (NASDAQ: NWL) is an American company, which designs, produces, and distributes consumer and commercial products globally. It was founded in 1903 and ranks first on the list of 10 best dividend stocks to buy according to Crispin Odey’s hedge fund. Newell stock has returned 76.88% to investors over the course of the past twelve months.

On June 23, UBS analyst Peter Grom initiated coverage on Newell Brands with a “Buy” rating and a price target of $33.00. On May 4, Newell Brands declared a quarterly dividend of $0.23 per share, in line with the previous. The forward yield is 3.45%. On April 30, Newell Brands (NASDAQ: NWL) declared earnings per share for the first quarter of 2021. The company declared earnings per share of $0.30, beating market predictions by $0.17. The revenue for the first three months of 2021 was $2.29 billion, up 21.2% YoY, beating the estimates by $220 million.

Newell Brands Inc. (NASDAQ: NWL) is a new addition in billionaire Crispin Odey’s hedge fund portfolio, as Odey Asset Management bought 52 shares of the company, worth $1000. Out of the hedge funds being tracked by Insider Monkey, Southport Management is a leading shareholder in Newell with 45,000 shares worth more than $1.21 billion.

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