13 Best Low-Priced Dividend Stocks To Invest In
A comprehensive guide to finding high-yield, low-priced stocks for dividend investors
Despite the recent surge in technology stocks, dividend stocks still hold significant value for investors. In fact, historical data shows that dividend stocks have consistently outperformed in times of market uncertainty. With this in mind, we have compiled a list of the 13 best low-priced dividend stocks to invest in. These stocks offer healthy yields and are trading at affordable prices, making them attractive options for investors seeking stable income. Let’s delve into the details and explore why these stocks should be on every dividend investor’s radar.
Methodology:
To identify the best low-priced dividend stocks, we used a stock screener to filter stocks with a dividend yield of over 3% and a stock price below $15 as of December 15. From the resulting dataset, we selected the 13 stocks with the highest number of hedge fund investors. This approach ensures that the chosen stocks have garnered significant attention from industry experts and are backed by market confidence.
1: Huntington Bancshares Incorporated (NASDAQ: HBAN)
Number of Hedge Fund Investors: 27
Huntington Bancshares Incorporated ranks 13th on our list of the best low-priced dividend stocks. While it may not be as well-known as other dividend stocks, it has attracted the attention of 27 hedge fund investors. During the Q3 earnings call, Huntington Bancshares Incorporated expressed optimism about its future expectations, citing expected benefits from a higher interest rate scenario. Despite its relatively small size, this stock presents a promising opportunity for dividend investors.
2: Western Union Co (NYSE: WU)
Number of Hedge Fund Investors: 27
With a dividend yield of over 7%, Western Union Co offers an attractive option for dividend investors. Despite a 15% decline in its stock price this year, 27 hedge fund investors have shown confidence in its potential. Ariel Focus Fund highlighted Western Union’s strong performance in its third-quarter investor letter, noting its top- and bottom-line earnings beat and improved full-year guidance. This financial services company has a proven track record and is well-positioned for future growth.
3: Newell Brands Inc (NASDAQ: NWL)
Number of Hedge Fund Investors: 27
Newell Brands Inc, a consumer products company, ranks 11th on our list. With 27 hedge fund investors backing it, this stock offers stability and potential for dividend growth. Notably, Pzena Investment Management holds a substantial stake in Newell Brands Inc, further indicating its potential as a low-priced dividend stock. As consumer spending rebounds, this company is poised to benefit from increased demand for its products.
4: Algonquin Power & Utilities Corp (NYSE: AQN)
Number of Hedge Fund Investors: 28
Canadian renewable energy and utility company Algonquin Power & Utilities Corp stands out as the 10th best low-priced dividend stock to buy. With a dividend yield of 7.76%, this stock offers an attractive investment opportunity. Algonquin Power & Utilities Corp has received significant attention from 28 hedge fund investors, including Starboard Value LP, which holds a substantial stake in the company. As the demand for clean energy continues to rise, Algonquin Power & Utilities Corp is well-positioned for long-term growth.
5: Organon & Co (NYSE: OGN)
Number of Hedge Fund Investors: 33
Organon & Co, a New Jersey-based pharmaceutical company, ranks 9th on our list of the best low-priced dividend stocks. With a dividend yield of approximately 8%, this stock offers an excellent opportunity for dividend investors. Organon & Co’s CFO, Matthew Walsh, expressed optimism about the company’s future cash flow and dividend safety during the Q3 earnings call. With 33 hedge fund investors backing it, Organon & Co is a promising investment option in the pharmaceutical sector.
6: Vale SA (NYSE: VALE)
Number of Hedge Fund Investors: 34
Mining company Vale SA is a notable dividend stock, ranking 8th on our list. With a recent upgrade by Goldman Sachs and a positive outlook for the iron ore market, Vale SA presents an attractive investment opportunity. As the global economy recovers, demand for commodities is expected to rise, benefiting companies like Vale SA. With 34 hedge fund investors supporting this stock, it is a compelling choice for dividend investors.
7: Energy Transfer LP Unit (NYSE: ET)
Number of Hedge Fund Investors: 34
Energy Transfer LP Unit is a high dividend yield stock that ranks 7th on our list. With 34 hedge fund investors backing it, this stock offers stability and potential for dividend growth. Energy Transfer LP Unit is popular among hedge funds, similar to other well-established dividend stocks like The Procter & Gamble Company, Colgate-Palmolive Company, and PepsiCo, Inc. As the energy sector continues to recover, this stock presents an attractive investment opportunity.
8: New York Community Bancorp, Inc. (NYSE: NYC)
Number of Hedge Fund Investors: 35
With a dividend yield of 6% and a stock price of $10.96, New York Community Bancorp, Inc. ranks 6th on our list of the best low-priced dividend stocks. This banking stock has shown strong performance, with a 203% increase in revenue in the third quarter of this year. With 35 hedge fund investors backing it, New York Community Bancorp, Inc. is a solid choice for dividend investors seeking stable income.
Conclusion:
Investing in low-priced dividend stocks can be a lucrative strategy for investors seeking stable income. The 13 stocks listed in this article offer attractive dividend yields and are trading at affordable prices. Despite the recent surge in technology stocks, dividend stocks have a proven track record of outperforming in times of market uncertainty. By considering these low-priced dividend stocks, investors can diversify their portfolios and secure reliable income for the long term.