by In this text, we’ll check out the 12 52-week low dividend shares to think about. You can skip this half and go to 5 52-Week Low Dividend Stocks To Consider.
Dividend investing got here into limelight in 2022 after the inventory market started to fall amid rising inflation, rate of interest hikes, and an unsure international geopolitical state of affairs worsened by the Russian invasion of Ukraine. Investors poured billions into dividend-paying shares and ETFs looking for certainty and revenue. Analysts imagine dividend firms will proceed to be on traders’ radar in 2023 because the Fed’s rate of interest hikes are removed from over and the market is but to discover a backside.
According to a report by T. Rowe Price, the main motive behind the market decline in 2022 was the shortage of valuation self-discipline practiced after the pandemic. With the market awash with liquidity, traders started to pile into high-growth shares that had weak or no fundamentals. The report additionally stated that these market dynamics gave option to speculative buying and selling.
The report additionally stated that interval of low fairness returns can enhance the enchantment of shares that pay above‑common dividend yield. Here is a vital excerpt from the report:
“Across progress and worth model components not too long ago, the market seems to ascribe little relative worth to greater‑yielding giant‑cap equities, particularly relative to historic ranges. We imagine that this dislocation may create a good setup for equities with greater dividend yields or, on the very least, make for a doubtlessly fruitful looking floor for worth‑oriented traders.”
However, the T. Rowe report makes an attention-grabbing level. It says that low valuation and excessive dividend yield alone doesn’t make a inventory investable. The report emphasizes the significance of basic valuation. For instance, T. Rowe says that it has been bullish on Qualcomm due to its long-term progress catalysts and whereas Apple’s resolution to begin making in-house chips can have an effect on the corporate, the market is just not realizing the extent of Qualcomm’s strengths out there.
However, T. Rowe gave some bullish feedback about dividend shares within the monetary sector, saying:
“The financials sector is an space the place we’re discovering compelling values and doubtlessly engaging dividend yields. Although banks’ web curiosity margins usually develop in a rising‑charge surroundings, we favor investments the place the potential upside resides in firm‑particular components that would play out whatever the Fed’s financial coverage selections”
In this text you’ll find a number of financial institution dividend shares which have been battered over the previous 12 months and are actually buying and selling at engaging valuations.
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Our Methodology
For this text we used Finviz’s inventory screener to pick shares which can be buying and selling at their 52-week low costs as of January 17 or in a 0-3% above vary of their 52-week lows and have dividend yields of over 2%. The thought was to seek out shares which can be hovering close to their 52-week lows however present a gorgeous entry level for dividend traders. The shares are ranked in response to the variety of hedge funds having stakes in them as of the top of the third quarter. We used Insider Monkey’s database of 920 hedge funds to gauge that metric.
12 52-Week Low Dividend Stocks To Consider
12. Citizens & Northern Corporation (NASDAQ:CZNC)
Number of Hedge Fund Holders: 2
Citizens & Northern Corporation (NASDAQ:CZNC) is a Pennsylvania-based financial institution holding firm. It is a high-yield dividend inventory as Citizens & Northern Corporation (NASDAQ:CZNC)’s dividend yield as of January 17 is 4.8%. Back in November, Piper Sandler analyst Casey Orr Whitman resumed protection of Citizens & Northern Corporation (NASDAQ:CZNC) with a Neutral score and a $26 value goal. The analyst stated that Citizens & Northern Corporation (NASDAQ:CZNC)’s expense progress has affected its profitability. However, the analyst thinks it ought to “bear fruit with stronger mortgage progress than historic ranges going ahead.”
At the top of the September quarter of 2022, 2 hedge funds reported having stakes in Citizens & Northern Corporation (NASDAQ:CZNC). The complete worth of those stakes was $2.9 million.
11. SB Financial Group, Inc. (NASDAQ:SBFG)
Number of Hedge Fund Holders: 2
SB Financial Group, Inc. (NASDAQ:SBFG) has a dividend yield of over 3%. It ranks eleventh in our checklist of the highest 52-week low dividend shares to think about. In November, SB Financial Group, Inc. (NASDAQ:SBFG) posted Q3 GAAP EPS of $0.47. Revenue within the quarter fell 13.2% on a year-over-year foundation to complete $14.47 million.
2 hedge funds tracked by Insider Monkey reported having stakes in SB Financial Group, Inc. (NASDAQ:SBFG) as of the top of the third quarter.
10. First Savings Financial Group, Inc. (NASDAQ:FSFG)
Number of Hedge Holders: 4
First Savings Financial Group, Inc. (NASDAQ:FSFG) is a financial institution holding firm. First Savings Financial Group, Inc. (NASDAQ:FSFG) has a dividend yield of over 2.5% as of January 17. In November, First Savings Financial Group, Inc. (NASDAQ:FSFG) declared a dividend of $0.13/share. The dividend was payable on December 30. In October, First Savings Financial Group, Inc. (NASDAQ:FSFG) posted its quarterly outcomes. First Savings Financial Group, Inc. (NASDAQ:FSFG)’s income within the quarter fell 31% on a year-over-year foundation to achieve $21.35 million.
As of the top of the third quarter, 4 hedge funds tracked by Insider Monkey have stakes in First Savings Financial Group, Inc. (NASDAQ:FSFG). The complete worth of those stakes is $4.5 million.
9. Colony Bankcorp, Inc. (NASDAQ:CBAN)
Number of Hedge Fund Holders: 7
Colony Bankcorp, Inc. (NASDAQ:CBAN) is a Georgia-based financial institution holding firm that owns Colony Bank. Colony Bankcorp, Inc. (NASDAQ:CBAN) has misplaced about 30% of its worth over the previous 12 months. It has a dividend yield of about 3.3% as of January 16. Colony Bankcorp, Inc. (NASDAQ:CBAN) in October posted an adjusted EPS of $0.30 for the third quarter, lacking estimates by $0.07. Revenue within the quarter grew by 6.3% to a complete of $29.04 million. However, it missed estimates by $2.73 million.
8. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)
Number of Hedge Fund Holders: 15
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is a high-yield dividend inventory. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has misplaced about 72% in worth over the previous 12 months. It is likely one of the finest 52-week low shares to think about for dividend traders.
In November, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) had declared a $2.95/share quarterly dividend. Yield on a TTM foundation on the time got here in at 102.7%. The dividend was payable on December 7.
As of the top of the third quarter of 2022, 15 hedge funds of the 920 tracked by Insider Monkey reported having stakes in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM). The complete worth of those stakes was $258 million. The largest stakeholder of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) on the finish of the third quarter of 2022 was Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital, with a $91 million stake.
7. Embecta Corp. (NASDAQ:EMBC)
Number of Hedge Fund Holders: 19
Embecta Corp. (NASDAQ:EMBC) is a New Jersey-based diabetes care firm. It is a small firm, with a market cap of about $1.3 billion. However, Embecta Corp. (NASDAQ:EMBC)’s dividend yield is over 2%. Embecta Corp. (NASDAQ:EMBC) is hovering round its 52-week low. Last month, Embecta Corp. (NASDAQ:EMBC) posted its fourth quarter outcomes. Its GAAP EPS within the quarter got here in at $0.30. Revenue within the interval fell 8.7% to complete about $274.6 million. Embecta Corp. (NASDAQ:EMBC) stated regardless of the macroeconomic headwinds and difficult market state of affairs, Embecta Corp. (NASDAQ:EMBC) exceeded the corporate administration’s estimates within the fourth quarter and second half of fiscal 12 months 2022. Embecta Corp. (NASDAQ:EMBC) stated that in 2023 it plans to put money into progress alternatives and to additional the event of its kind 2 closed loop insulin supply system.
As of the top of the third quarter of 2022, 19 hedge funds tracked by Insider Monkey reported having stakes in Embecta Corp. (NASDAQ:EMBC). The complete worth of those stakes was $214 million. The largest stakeholder in Embecta Corp. (NASDAQ:EMBC) was John Petry’s Sessa Capital which had a $74 million stake in Embecta Corp. (NASDAQ:EMBC).
6. Virtu Financial, Inc. (NASDAQ:VIRT)
Number of Hedge Fund Holders: 21
New York-based monetary companies agency Virtu Financial, Inc. (NASDAQ:VIRT) has a dividend yield of over 4.5% as of January 13. Virtu Financial, Inc. (NASDAQ:VIRT) has misplaced about 31% over the previous 12 months. In November 2022, Virtu Financial, Inc. (NASDAQ:VIRT) filed a The Freedom of Information Act lawsuit towards the SEC.
As of the top of the third quarter, 21 hedge funds tracked by Insider Monkey reported having stakes in Virtu Financial, Inc. (NASDAQ:VIRT), in comparison with 25 funds within the earlier quarter. The complete worth of those stakes was $218 million.
Jim Simons’ Renaissance Technologies owns a $97 million stake in Virtu Financial, Inc. (NASDAQ:VIRT). Another essential stakeholder in Virtu Financial, Inc. (NASDAQ:VIRT) as of the top of September was Cliff Asness’ AQR Capital Management, which owns a $28 million stake in Virtu Financial, Inc. (NASDAQ:VIRT).
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Disclosure: None. 12 52-Week Low Dividend Stocks To Consider is initially printed on Insider Monkey.
