5 Oversold Dividend Stocks to Invest In

In this article, we discuss 5 oversold dividend stocks to invest in. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 11 Oversold Dividend Stocks to Invest In. 

5. GFL Environmental Inc. (NYSE:GFL)

14-Day RSI As of July 30: 25.4

GFL Environmental Inc. (NYSE:GFL) is a Canada-based waste management and environmental services company that provides a wide range of related services to its consumers. The company currently pays a quarterly dividend of $0.013 per share, having it raised by 8% in April this year. This was its second consecutive year of dividend growth, which makes it one of the best dividend stocks on our list. The stock has a dividend yield of 0.15%, as reported on July 30.

At the end of Q1 2023, 21 hedge funds tracked by Insider Monkey owned stakes in GFL Environmental Inc. (NYSE:GFL), worth nearly $290 million in total.

Ave Maria made the following comment about GFL Environmental Inc. (NYSE:GFL) in its Q1 2023 investor letter. Here is what the firm has to say:

“The strong operational performance of the Fund’s top holdings noted in the 2022 Annual Letter continued in the first quarter. Additionally, several of the catalysts for improved investor sentiment mentioned in the same letter came to fruition. The catalysts include: GFL Environmental Inc. (NYSE:GFL) announcing the divestiture of some non-core assets, and eDreams’ reported earnings reflecting the continued transformation from a transaction-based business model to a subscription-based business model. The stock prices of GFL and eDreams were up during the quarter, 18% and 46% respectively. Overall, the combination of strong operating performance and improving investor sentiment led to outperformance versus the Fund’s index.”

4. Omega Flex, Inc. (NASDAQ:OFLX)

14-Day RSI As of July 30: 25.1

Omega Flex, Inc. (NASDAQ:OFLX) is an American company that specializes in the manufacturing and distribution of flexible metal hoses and related products. On June 13, the company hiked its quarterly dividend by 3.1% to $0.33 per share. Through this increase, the company stretched its dividend growth streak to three years, maintaining its position as one of the best dividend stocks on our list. The stock’s dividend yield on July 30 came in at 1.52%.

Omega Flex, Inc. (NASDAQ:OFLX) has a 14-day RSI of 25.1, as reported on July 30.

The number of hedge funds tracked by Insider Monkey owning stakes in Omega Flex, Inc. (NASDAQ:OFLX) grew to 6 in Q1 2023, from 2 in the previous quarter. The total value of these stakes is over $4.5 million. With 9.6 million shares, Citadel Investment Group was the company’s leading stakeholder in Q1.

3. Willis Towers Watson Public Limited Company (NASDAQ:WTW)

14-Day RSI As of July 30: 24.7

Willis Towers Watson Public Limited Company (NASDAQ:WTW) is next on our list of the best dividend stocks. The American multinational insurance company has been growing its dividends consistently for the past seven years and currently pays a quarterly dividend of $0.84 per share. The company’s shares offer a dividend yield of 1.61% as of July 30.

In the second quarter of 2023, Willis Towers Watson Public Limited Company (NASDAQ:WTW) reported a 6.4% year-over-year growth in its revenue at $2.1 billion. For the six months that ended June 30, the company generated $430 million in operating cash flow and its free cash flow for the period came in at $350 million.

Of the 943 hedge funds in Insider Monkey’s database in Q1 2023, 42 funds owned stakes in Willis Towers Watson Public Limited Company (NASDAQ:WTW), growing from 36 in the previous quarter. These stakes have a total value of more than $1.65 billion.

2. Lamb Weston Holdings, Inc. (NYSE:LW)

14-Day RSI As of July 30: 23.77

Lamb Weston Holdings, Inc. (NYSE:LW) is an Idaho-based food processing company that specializes in high-quality frozen potato products. The company started its dividend policy in 2016 and has raised its payouts every year since then. It pays a quarterly dividend of $0.28 per share. With a dividend yield of 1.10% as of July 30, LW is one of the best dividend stocks on our list.

As of the close of Q1 2023, 49 hedge funds tracked by Insider Monkey reported having stakes in Lamb Weston Holdings, Inc. (NYSE:LW), down from 51 a quarter earlier. These stakes are worth over $2.45 billion in total.

The London Company mentioned Lamb Weston Holdings, Inc. (NYSE:LW) in its Q1 2023 investor letter. Here is what the firm has to say:

“Lamb Weston Holdings, Inc. (NYSE:LW) -LW’s outperformance was driven by solid quarterly results, which included double-digit pricing actions, healthy demand, and higher productivity. Productivity savings helped generate higher incremental margins and the company should drive margins higher as input costs normalize. The fry attachment rate remains above pre- pandemic levels. This is a consolidated industry and the long- term outlook remains very favorable. We remain attracted to LW’s market share, pricing power, and industry tailwinds.”

1. Burke & Herbert Financial Services Corp. (NASDAQ:BHRB)

14-Day RSI As of July 30: 22.9

Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) is a Virginia-based commercial banking company that offers a wide range of related financial services to its consumers. The company started paying dividends in October 2022 and has paid regular dividends for consecutive three quarters. It pays a per-share dividend of $0.53 every quarter and has a dividend yield of 4.13%, as of July 30.

In the second quarter of 2023, Burke & Herbert Financial Services Corp. (NASDAQ:BHRB)’s cash position remained strong. The company ended the quarter with $80.8 million in cash and cash equivalents, up from $50.3 million six months ago.

You can also take a look at 11 Best Up and Coming Stocks To Invest In and 15 Best Russell 2000 Stocks To Buy Now

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