10 Best Dividend-Paying Stocks Under $15

2. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 41

Share Price as of the Close of July 31: $10.82

Ford Motor Company (NYSE:F) is a Michigan-based automobile manufacturer that deals in the manufacturing of a wide range of commercial vehicles and luxury cars. The company’s solid cash position makes it a favored income stock among investors. By the end of the second quarter, its strong balance sheet held nearly $27 billion in cash and approximately $45 billion in liquidity. This strong financial standing supports a disciplined approach to capital allocation, allowing for investment in long-term growth and returns to shareholders.

Ford Motor Company (NYSE:F) reached its peak in 1999, trading at approximately $35 per share, thanks to strong sales of sport utility vehicles, pickup trucks, and large cars in the US Since then, it has dropped by over 71%. A significant factor in this decline has been the company’s struggles with high warranty costs. For example, Ford Blue’s EBIT of $1.2 billion was lower compared to the same quarter the previous year, primarily due to increased warranty expenses.

Despite the negative perception, Ford Motor Company (NYSE:F) is not as poorly regarded by analysts as it might appear. J.D. Power, a prominent American data analytics and consumer intelligence firm, recently released its 2024 US Initial Quality Study, which highlighted the company’s progress in recent years. Ford Motor Company (NYSE:F) made a notable leap of 14 positions, moving up to 9th place on the list of brands with the fewest problems per 100 vehicles. In the second quarter of 2024, the company reported revenue of $47.8 billion, up from $45 billion during the same period last year.

Due to its strong cash position, Ford Motor Company (NYSE:F) has paid supplemental dividends to shareholders frequently over the years, in addition to its common dividend. It currently offers a quarterly dividend of $0.15 per share and also paid an additional dividend of $0.18 per share earlier this year. With a dividend yield of 5.98% as of August 1, F is one of the best dividend stocks under $15.

At the end of March 2024, 41 hedge funds, up from 40 in the previous quarter, held stakes in Ford Motor Company (NYSE:F), as per Insider Monkey’s database. These stakes have a consolidated value of over $1.5 billion. Fisher Asset Management owned over 65.2 million shares in the company, becoming its largest shareholder in Q1.