5 Under-The-Radar Dividend Stocks to Buy Now

1. Polaris Inc. (NYSE:PII)

Dividend Yield as of August 24: 2.16%

An American automotive manufacturer, Polaris Inc. (NYSE:PII) has been raising its dividends consistently for the past 27 years, landing it in the category of Dividend Aristocrats. The company pays a quarterly dividend of $0.64 per share, giving PII shares a yield of 2.16% as of August 24.

For Q2 2022, Polaris Inc. (NYSE:PII) reported revenue of $2.06 billion, up 8% from the same period last year. The company had $314 million in cash and cash equivalents at the end of June, compared with $278 million six months earlier. The company’s dividend payments during the quarter amounted to $76 million.

At the end of Q2 2022, 13 of the hedge funds tracked by Insider Monkey owned investments in Polaris Inc. (NYSE:PII), the same as in the previous quarter. The collective value of those stakes was $147 million, compared with $121 million worth of stakes owned by hedge funds in Q1 2022.

For further dividend stock picks that may be worth adding to your income portfolio, check out 10 High Dividend Stocks to Shore Up Your Cash Position Before Recession Begins and 10 Safe Dividend Stocks to Buy Before 2023

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