{"id":84448,"date":"2023-11-14T13:00:39","date_gmt":"2023-11-14T18:00:39","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/the-5-biggest-dividend-bargains-left-to-buy-before-2024\/"},"modified":"2023-11-14T13:00:40","modified_gmt":"2023-11-14T18:00:40","slug":"the-5-biggest-dividend-bargains-left-to-buy-before-2024","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=84448","title":{"rendered":"The 5 Biggest Dividend Bargains Left To Buy Before 2024"},"content":{"rendered":"
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Mr. and Ms. Market are manic<\/em>. Always have been, always will be. My fellow contrarian, they reminded us of this fact yet again<\/em>.<\/p>\n

Fortunately we were zigging while the broader crowd was zagging.<\/p>\n

The herd\u2019s \u201cFOMO panic\u201d last week pushed many of our stocks higher. Vanilla investors covered their ill-timed short positions and scrambled to buy bargains. Like the dividend deals we bought in October!<\/p>\n

Did you miss out? Have cash suddenly burning a hole in your pocket? If so, no worries, a few<\/em> select dividend deals remain.<\/p>\n

I\u2019m talking about yields up to 12.3% and discounts up to\u2014get this\u201446%. Nope, that\u2019s no typo. We\u2019ll talk specifics and top five bargains on the board in a moment.<\/p>\n

How\u2019d we get here? Just five weeks ago, we chatted about the optimal time to panic\u2014and concluded it would be later<\/em>:<\/p>\n

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Please, take that finger off the Sell button.<\/p>\n

This is the best buying opportunity since the bank failure panic in March. Vanilla investors are giving away perfectly good dividends.<\/p>\n

Let\u2019s grab the bargains.<\/p>\n

We specifically highlighted business development company Barings BDC (BBDC)<\/strong>. The stock traded for just 79% of its book value. Which meant it was essentially 21% off.<\/p>\n

Barings was in the bargain bin because interest rates were spiking. However, we didn\u2019t foresee rates going to the moon. So far, so good on that call.<\/p>\n

On cue, investors realized last week that the Federal Reserve was finished with rate hikes. They scrambled to cover ill-timed shorts. BBDC promptly rallied. If you bought shares then, congratulations on your fast 4% gain. Plus, that elite 11.9% yield-on-cost you locked in!<\/p>\n

Gabelli Dividend & Income Trust (GDV)<\/strong>, meanwhile, has already gained 2%since we called it out three weeks ago. At the time, the 6.8% dividend payer traded at a 17% discount<\/em> to its net asset value (NAV). That NAV is made up of blue-chip dividend payers and growers such as Mastercard (MA)<\/strong>, Microsoft (MSFT)<\/strong> and Honeywell (HON)<\/strong>\u2014which were likewise on the clearance rack.<\/p>\n

We win three ways with GDV:<\/p>\n