In this article, we will discuss the 5 dividend stocks to buy according to Marc Majzner’s Clearline Capital. If you want to read our detailed analysis of Majzner’s history, investment philosophy, and hedge fund performance, go directly to the 9 Dividend Stocks to Buy According to Marc Majzner’s Clearline Capital.
5. Foot Locker, Inc. (NYSE:FL)
Clearline Capital Stake Value: $2,645,000
Percentage of Clearline Capital’s 13F Portfolio: 0.39%
Number of Hedge Fund Holders: 31
Dividend Yield: 2.55%
Foot Locker, Inc. (NYSE:FL) operates as an athletic footwear and clothing store through its subsidiaries. The company has paid a regular and healthy dividend since 2003. On August 17, Foot Locker, Inc. (NYSE:FL) declared a quarterly dividend of $0.30 per share, a 50% increase from previous dividend of $0.20.
On October 5, Cowen analyst John Kernan reduced Foot Locker’s price objective to $61 from $82 and reiterated an “Outperform” rating on Foot Locker, Inc. (NYSE:FL) stock.
4. Tapestry, Inc. (NYSE:TPR)
Clearline Capital Stake Value: $19,734,000
Percentage of Clearline Capital’s 13F Portfolio: 2.94%
Number of Hedge Fund Holders: 41
Dividend Yield: 2.61%
Tapestry, Inc. (NYSE:TPR) sells branded lifestyle items and luxury accessories in the United States, Japan, Greater China, and globally.
Suvretta Capital Management owns 5.18 million shares of Tapestry, Inc. (NYSE:TPR), worth over $225.22 million.
3. Intel Corporation (NASDAQ:INTC)
Clearline Capital Stake Value: $1,264,000
Percentage of Clearline Capital’s 13F Portfolio: 0.18%
Number of Hedge Fund Holders: 78
Dividend Yield: 2.66%
Intel Corporation (NASDAQ:INTC) primarily creates and sells computer components such as microprocessors, chipsets, motherboards, and wired and wireless networking devices. Clearline Capital holds 22,524 shares in Intel Corporation (NASDAQ:INTC) worth $1.26 million, representing 0.18% of their portfolio. The hedge fund has reduced its stake in the firm by 52% in the second quarter of 2021.
2. Hyster-Yale Materials Handling, Inc. (NYSE:HY)
Clearline Capital Stake Value: $2,060,000
Percentage of Clearline Capital’s 13F Portfolio: 0.3%
Number of Hedge Fund Holders: 12
Dividend Yield: 2.72%
Hyster-Yale Materials Handling, Inc. (NYSE:HY), a lift trucks manufacturing company, in August declared a quarterly dividend of $0.3225 per share, in line with the previous. Clearline Capital reduced its position in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 37% to 28,226 shares in the second quarter, accounting for just over 0.3% of the overall portfolio.
Mario Gabelli’s GAMCO Investors is Hyster-Yale Materials Handling, Inc.’s (NYSE:HY) most significant stakeholder, with 545,956 shares worth $39.84 million.
1. Xerox Holdings Corporation (NASDAQ:XRX)
Clearline Capital Stake Value: $17,465,000
Percentage of Clearline Capital’s 13F Portfolio: 2.6%
Number of Hedge Fund Holders: 25
Dividend Yield: 4.85%
Clearline Capital started building its position in Xerox Holdings Corporation (NASDAQ:XRX) in the third quarter of 2019 and currently holds 743,503 shares in the company, valued at $17.47 million. The company represents 2.6% of the hedge fund’s 13F portfolio.
Out of the hedge funds being tracked by Insider Monkey, Icahn Capital LP is a leading shareholder in Xerox Holdings Corporation (NASDAQ:XRX) with 31.14 million shares worth $731.54 million.
You can also take a peek at 10 Extreme Dividend Stocks With Upside Potential and 10 Dividend Stocks to Increase Your Monthly Income
