10 Best Dividend-Paying Stocks Under $15

7. Krispy Kreme, Inc. (NYSE:DNUT)

Number of Hedge Fund Holders: 13

Share Price as of the Close of July 31: $10.03

Krispy Kreme, Inc. (NYSE:DNUT) ranks seventh on our list of the best dividend stocks under $15. The North Carolina-based company is one of the most popular donut chains in the world. The stock reached its peak for the year in March, trading at around $17 per share, following the company’s announcement of a groundbreaking partnership with McDonald’s. This collaboration is set to greatly expand the doughnut franchise’s reach, as there are approximately 13,500 McDonald’s locations in the U.S., compared to fewer than 400 Krispy Kreme, Inc. (NYSE:DNUT) outlets. Currently, the bakery’s donuts are also available through nearly 7,000 third-party locations. According to the deal, three classic Krispy Kreme donuts will gradually be offered at McDonald’s locations, with the goal of making them available across the entire store network by the end of 2026. In addition to this, the company also announced its expansion in Spain in 2025.

Krispy Kreme, Inc. (NYSE:DNUT) reported strong earnings in the first quarter of 2024. It posted a revenue of $442.7 million, which showed a 5.67% growth from the same period last year. The results surpassed expectations, fueled by higher digital sales and robust consumer demand. This was underscored by a record-setting Valentine’s Day, during which specialty doughnuts were offered in 33 countries worldwide. The company’s strategy of expanding the global availability of fresh Krispy Kreme donuts is yielding impressive results.

Krispy Kreme, Inc. (NYSE:DNUT) initiated its dividend policy in 2021 and has paid regular dividends to shareholders since then. The company offers a quarterly dividend of $0.035 per share and has a dividend yield of 1.35%, as of August 1.

The number of hedge funds holding stakes in Krispy Kreme, Inc. (NYSE:DNUT) jumped to 13 in Q1 2024, from 8 in the previous quarter, according to Insider Monkey’s database. The stakes owned by these hedge funds have a collective value of over $60.8 million.