5 Cheap Dividend Stocks to Buy Now

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1. Annaly Capital Management, Inc. (NYSE:NLY)

Number of Hedge Fund Holders: 15

Dividend Yield: 10.26%

Share Price as of November 16: $8.54

Annaly Capital Management, Inc. (NYSE:NLY) operates as a diversified capital manager that invests in and finances residential and commercial assets. The company was founded in 1996 and is based in New York, New York. Annaly Capital Management, Inc. (NYSE:NLY) reported earnings per share of $0.28, beating estimates by $0.01, and revenues of $308.12 million in its quarterly report for the third quarter of 2021.

Annaly Capital Management, Inc. (NYSE:NLY) pays an annual dividend of $0.88 per share, which brings its yield to 10.26%. The company’s dividend is higher than the US REIT – Mortgage industry average of 8.26%, which makes it one of the 10 cheap dividend stocks to buy now.

According to Insider Monkey’s database, where we keep track of 867 elite hedge funds, Annaly Capital Management, Inc. (NYSE:NLY) was a part of 15 investment portfolios by the end of the third quarter of 2021. The total stake of these hedge funds in the company was $34.94 million.

According to the September filings, Winton Capital Management is one of the leading shareholders in Annaly Capital Management, Inc. (NYSE:NLY). The fund’s stake in the company’s stock is $2.92 million.

See also 10 Best Dividend Stocks to Buy According to Billionaire Howard Marks and 10 Best High Dividend Stocks to Buy.

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