In this article, we discuss 5 mid-cap dividend stocks to buy now. You can see some more stocks by clicking 10 Mid-Cap Dividend Stocks to Buy Now.
5. B2Gold Corp. (NYSE:BTG)
Dividend Yield as of March 30: 3.46%
Market Capitalization as of March 30: $4.907 billion
Number of Hedge Fund Holders: 20
B2Gold Corp. (NYSE:BTG) is headquartered in Vancouver, Canada, operating as a gold producer. The company mines for gold in Mali, the Philippines, and Namibia. Its fourth quarter revenue of $526.11 million outperformed estimates by $1.11 million. As of March 30, B2Gold Corp. (NYSE:BTG)’s dividend yield stood at 3.46%.
On February 23, B2Gold Corp. (NYSE:BTG) declared a quarterly dividend of $0.04 per share, in line with previous. The dividend was distributed on March 17, to shareholders of record on March 9.
National Bank analyst Don DeMarco on February 4 maintained an Outperform rating on B2Gold Corp. (NYSE:BTG), but lowered the price target to C$7.75 from C$8.
According to the fourth quarter database of Insider Monkey, 20 hedge funds were bullish on B2Gold Corp. (NYSE:BTG), compared to 16 funds in the earlier quarter. Renaissance Technologies held the biggest stake in the company, with more than 33 million shares worth $130.3 million.
4. Autoliv, Inc. (NYSE:ALV)
Dividend Yield as of March 30: 3.31%
Market Capitalization as of March 30: $6.782 billion
Number of Hedge Fund Holders: 23
Autoliv, Inc. (NYSE:ALV) was founded in 1953 and is headquartered in Stockholm, Sweden. The company designs and sells safety systems to the automotive industry. Autoliv, Inc. (NYSE:ALV)’s customers are based in Europe, the Americas, China, Japan, and Asia.
On February 22, Autoliv, Inc. (NYSE:ALV) announced a $0.64 per share quarterly dividend, in line with previous. The dividend was paid on March 23, to shareholders of record on March 8. The stock yields 3.31% as of March 30.
Jefferies analyst Philippe Houchois on March 15 maintained a Buy recommendation on Autoliv, Inc. (NYSE:ALV), but lowered the price target to $108 from $121. The analyst is adjusting estimates in his automobile coverage for “a stagflationary environment” given increased input costs, continued supply chain issues, and price and “potential demand destruction”.
According to the fourth quarter database of Insider Monkey, 23 hedge funds were bullish on Autoliv, Inc. (NYSE:ALV), up from 19 funds in the last quarter. Christer Gardell and Lars Forberg’s Cevian Capital is the biggest shareholder of the company, with roughly 6 million shares worth $611 million.
3. Patterson Companies, Inc. (NASDAQ:PDCO)
Dividend Yield as of March 30: 3.27%
Market Capitalization as of March 30: $3.118 billion
Number of Hedge Fund Holders: 25
Patterson Companies, Inc. (NASDAQ:PDCO) is a Minnesota-based company that distributes dental and animal health products in the United States, the United Kingdom, and Canada. As of March 30, the stock delivers a dividend yield of 3.27%.
Patterson Companies, Inc. (NASDAQ:PDCO) on March 15 declared a $0.26 per share quarterly dividend. The dividend will be paid on May 6, to shareholders of the company at the close of business on April 22.
On March 2, Piper Sandler analyst Jason Bednar observed that Patterson Companies, Inc. (NASDAQ:PDCO) reported Q4 results that implied profitability improvements despite revenue missing Street estimates given omicron headwinds. The analyst noted that Patterson Companies, Inc. (NASDAQ:PDCO)’s EPS guidance was raised for the third straight quarter. He has an Overweight rating and a $41 price target on Patterson Companies, Inc. (NASDAQ:PDCO) shares.
According to the Q4 database of Insider Monkey, 25 hedge funds were long Patterson Companies, Inc. (NASDAQ:PDCO), up from 21 funds in the previous quarter. Millennium Management held the largest stake in the company, with more than 1 million shares worth $30.4 million.
Here is what Heartland Advisors has to say about Patterson Companies, Inc. (NASDAQ:PDCO) in its Q2 2021 investor letter:
“Patterson Companies Inc. (PDCO) is a leading distributor of dental and animal health products. Sales have been on the rise and the company reported a record $6.1 billion in revenue for the year ending in April. Shares of the business are up double digits through the first half of the year, and the holding has been a solid contributor to performance.
Management at Patterson has done an impressive job of expanding operating margins and making strategic acquisitions that have fit with the business’ core competencies since coming aboard in 2017. However, shares set back late in the quarter, after the company reported better than expected earnings but issued guidance that was more conservative than Wall Street expectations. Due to the ongoing unwinding of pent-up demand in dental services and the strength of Patterson’s animal health line, we believe recent earnings guidance will prove to be overly cautious.
We view recent softness in shares of Patterson as an overreaction and remain constructive on this industry leader that is priced at just .5X sales.”
2. American Eagle Outfitters, Inc. (NYSE:AEO)
Dividend Yield as of March 30: 4.18%
Market Capitalization as of March 30: $2.911 billion
Number of Hedge Fund Holders: 31
Headquartered in Pittsburgh, Pennsylvania, American Eagle Outfitters, Inc. (NYSE:AEO) is a retailer of clothing, accessories, and personal care products for men and women. American Eagle Outfitters, Inc. (NYSE:AEO)’s market capitalization as of March 30 equals $2.91 billion.
On March 2, American Eagle Outfitters, Inc. (NYSE:AEO) declared a quarterly dividend of $0.18 per share, in line with previous. The dividend was paid on March 24, to shareholders of record on March 11. The stock yields 4.18% as of March 30.
Cowen analyst Oliver Chen kept an Outperform rating on American Eagle Outfitters, Inc. (NYSE:AEO) on March 4, but lowered the price target to $25 from $31. The analyst believes the underlying brand momentum remains solid but supply chain challenges and increased freight costs remain pressure points.
Among the hedge funds tracked by Insider Monkey, 31 funds were bullish on American Eagle Outfitters, Inc. (NYSE:AEO) at the end of December 2021, with collective stakes amounting to $1.13 billion. Select Equity Group is the largest shareholder of the company, with 21.5 million shares worth $546.75 million.
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.
