5 Mid-Cap Dividend Stocks to Buy Now

1. The Chemours Company (NYSE:CC)

Dividend Yield as of March 30: 3.11%

Market Capitalization as of March 30: $5.157 billion

Number of Hedge Fund Holders: 35

The Chemours Company (NYSE:CC) is a Delaware-based company that provides performance chemicals such as titanium dioxide, refrigerants, industrial fluoropolymer resins, cyanide, sulfuric acid, aniline, and methylamines. 

On February 9, The Chemours Company (NYSE:CC) declared a $0.25 per share quarterly dividend, in line with previous. The dividend was distributed on March 15. The Chemours Company (NYSE:CC) delivers a dividend yield of 3.11% as of March 30. 

RBC Capital analyst Arun Viswanathan on February 15 reiterated an Outperform rating on The Chemours Company (NYSE:CC), but lowered the price target on the shares to $41 from $44. The analyst cites the continued input cost inflation for titanium dioxide for the slashed price target. However, he believes that headwinds should moderate in the second half of 2022 and improve heading into 2023. 

According to Insider Monkey’s Q4 data, 35 hedge funds were bullish on The Chemours Company (NYSE:CC), compared to 38 funds in the previous quarter. John Petry’s Sessa Capital is the largest shareholder of the company, owning more than 8 million shares worth approximately $275 million. 

Here is what Miller Value Partners Income Strategy has to say about The Chemours Company (NYSE:CC) in its Q4 2021 investor letter:

“The Chemours Co (CC) rose 16.4% over the period after reporting Q3 revenue of $1.68Bn, +36% Y/Y and +4% ahead of consensus driven by 25% volume growth while pricing added +11%. Earnings Before Income, Taxes, Depreciation, and Amortization (EBITDA) of $372M rose +77% and beat estimates by 9% as higher top-line results more than offset incremental cost headwinds. Chemours raised FY21 guidance, including EBITDA of $1.3Bn-$1.34Bn (from $1.1Bn-$1.25Bn), Earnings Per Share (EPS) of $3.93-$4.13 (from $2.84-$3.56), and free cash flow (FCF) of at least $500M (from >$450M). Additionally, Chemours announced the closing of the previously announced sale of the Mining Solutions business for $520M.”

You can also take a look at 10 Growth Stocks Under $50 for 2022 and 10 Semiconductor Stocks to Buy Under $50.

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