10 Best Dividend Stocks Under $5

6. Silvercorp Metals Inc. (NYSE:SVM)

Number of Hedge Fund Holders: 13

Share Price as of the close of August 23: $3.86

Silvercorp Metals Inc. (NYSE:SVM) is a Canadian precious metals company that is mainly involved in the exploration and development of silver-containing properties. The stock has gained over 53% since the start of 2024 because of rising silver prices. The company consistently captures investors’ attention because metals like gold and silver are commonly viewed as a hedge against inflation. In addition, escalating tensions in the Middle East are pushing investors towards “safer” options, such as precious metals.

Silvercorp Metals Inc. (NYSE:SVM) operates low-cost mines that consistently generate cash flow. The company’s strong balance sheet supports growth opportunities, ensuring the delivery of sustainable value to shareholders. Another reason for the company’s strong balance sheet is that silver has a promising future, with global decarbonization and electrification expected to drive continuous demand growth, while forecasts suggest limited supply growth ahead. In fiscal Q1 2025, the company produced around 1,146 ounces of gold and 1.7 million ounces of silver, equivalent to approximately 1.8 million ounces when including other metals. The company also sold 1.7 million ounces of silver during the quarter.

Silvercorp Metals Inc. (NYSE:SVM) generated over $40 million in operating cash flow in fiscal Q1 2025. The company ended the quarter with over $215 million available in cash and cash equivalents. It currently pays a semi-annual dividend of $0.0125 per share and has a dividend yield of 0.64%, as of August 23. Over the course of its dividend history, the company has returned over $200 million to shareholders through dividends and share repurchases, which makes SVM one of the best dividend stocks under $5.

At the end of June 2024, 13 hedge funds owned stakes in Silvercorp Metals Inc. (NYSE:SVM), which remained unchanged from the previous quarter, as per Insider Monkey’s database. These stakes have a total value of over $31 million.