12 Best Dividend Stocks Under $50

Published on January 29, 2024 at 8:53 am by Vardah Gill in Dividend Stocks, Hedge Funds, News

In this article, we discuss 12 best dividend stocks under $50. You can skip our detailed analysis of dividend stocks and their performance over the years, and go directly to read 5 Best Dividend Stocks Under $50.

Dividend stocks are attractive for generating income, primarily due to two key factors. Firstly, the regular payouts from these stocks assist investors in meeting their immediate liquidity requirements. Secondly, historical data suggests that focusing on dividend-paying investments has the potential to reduce market volatility and mitigate losses during market downturns. Specifically, companies that consistently increase their dividends may offer a level of protection during bearish market conditions. Analyzing the timeframe from December 31, 1999, to March 31, 2022, when the overall market experienced declines, the S&P High Yield Dividend Aristocrats demonstrated superior performance compared to both the S&P Composite 1500 and the S&P 500 High Dividend Index. On average, they outperformed by 140 basis points per month and 49 basis points per month, respectively.

Strategies centered on dividend growth have the potential to alleviate apprehensions related to the performance of stocks with high dividend payouts in an environment of rising interest rates, as reported by S&P Dow Indices. This is achieved through two key mechanisms. Firstly, as these strategies prioritize consistent dividend increases over high initial yields, their performance is less influenced by the value factor when compared to high dividend-paying stocks. Consequently, the performance of dividend growth strategies is expected to be more resilient in growth-oriented markets. The report highlighted that, considering the emphasis on strong balance sheets, dividend growth strategies might appeal to investors concerned about volatility and the possibility of increasing interest rates. These strategies allow investors to stay engaged in the stock market while also generating income. For those concentrating on U.S. equities, the S&P High Yield Dividend Aristocrats are presented as a potential solution for pursuing dividend growth.

In 2023, dividend stocks faced a performance decline attributed to the surge in the technology sector. Nevertheless, there is a belief among certain traders that dividend stocks might stage a comeback in the current year. The decline in yields towards the end of 2023 is noted, and there’s speculation that this trend could persist, especially if the Federal Reserve opts to reduce interest rates. Larry Adam, the Chief Investment Officer at Raymond James, expressed a preference for dividend stocks within sectors such as technology and healthcare due to their growth potential, as opposed to traditionally defensive categories like utilities. He emphasizes that his firm exclusively invests in dividend stocks that incorporate a growth component.

The Procter & Gamble Company (NYSE:PG), Colgate-Palmolive Company (NYSE:CL), and PepsiCo, Inc. (NASDAQ:PEP) are some of the best dividend stocks that have been grabbing investors attention over the years. In this article, we will take a look at dividend stocks with share prices below $50.

Photo by Sharon McCutcheon on Unsplash

Our Methodology:

For this list, we scanned Insider Monkey’s database of 900+ hedge funds and picked 12 dividend stocks priced under $50 as of the close of January 26. We preferred stocks with strong dividend growth and stability. These are the best dividend stocks under $50 according to hedge funds. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here).

12. Hormel Foods Corporation (NYSE:HRL)

Number of Hedge Fund Holders: 18

Share Price as of January 26: $30.9

Hormel Foods Corporation (NYSE:HRL) is a multinational food company that operates in the food processing and manufacturing industry. The company produces and markets a diverse range of food items, including meat and poultry products, deli meats, refrigerated entrees, soups, and various other prepared foods. the company currently pays a quarterly dividend of $0.2825 per share, having raised it by 2.7% in October 2023. It has been growing its dividends for the past 58 years, which makes HRL one of the best dividend stocks under $50. The stock offers a dividend yield of 3.65%, as of January 28.

In addition to HRL, The Procter & Gamble Company (NYSE:PG), Colgate-Palmolive Company (NYSE:CL), and PepsiCo, Inc. (NASDAQ:PEP) are some of the most popular dividend growers among investors.

At the end of Q3 2023, 18 hedge funds in Insider Monkey’s database reported having stakes in Hormel Foods Corporation (NYSE:HRL), compared with 24 in the previous quarter. The overall value of these stakes is approximately $245.3 million.

11. Amcor plc (NYSE:AMCR)

Number of Hedge Fund Holders: 23

Share Price as of January 26: $9.54

Amcor plc (NYSE:AMCR) is a global packaging company specializing in the development and production of a wide range of packaging solutions. The company’s current quarterly dividend comes in at $0.1250 per share for a dividend yield of 5.24%, as of January 28. It has been rewarding shareholders with growing dividends for the past 40 years, which makes AMCR one of the best dividend stocks on our list. In the most recent quarter, the company returned $205 million to shareholders through dividends and share repurchases.

As of the close of Q3 2023, 23 hedge funds in Insider Monkey’s database reported having stakes in Amcor plc (NYSE:AMCR), compared with 24 in the preceding quarter. The consolidated value of these stakes is more than $206.2 million. With roughly 7 million shares, Balyasny Asset Management was the company’s leading stakeholder in Q3.

10. Enterprise Products Partners L.P. (NYSE:EPD)

Number of Hedge Fund Holders: 25

Share Price as of January 26: $27.4

Enterprise Products Partners L.P. (NYSE:EPD) is a Texas-based midstream energy company that operates in the oil and gas industry. The company owns and operates an extensive network of pipelines for the transportation of various energy products. It currently pays a quarterly dividend of $0.515 per share, having raised it by 3% on January 8. This marked the company’s 25th consecutive year of dividend growth, which makes EPD one of the best dividend stocks under $50. As of January 28, the stock has a dividend yield of 7.52%.

Insider Monkey’s database of Q3 2023 showed that 25 hedge funds owned stakes in Enterprise Products Partners L.P. (NYSE:EPD), the same as in the previous quarter. These stakes are worth collectively over $325.2 million.

9. Energy Transfer LP (NYSE:ET)

Number of Hedge Fund Holders: 34

Share Price as of January 26: $14.4

Energy Transfer LP (NYSE:ET) is an American energy company that is involved in the processing, storage, and transportation of natural gas liquids and refined products. On January 25, the company announced a 0.8% increase in its quarterly dividend to $0.315 per share. Through this hike, the company achieved its ninth consecutive quarter of dividend growth, which makes ET one of the best dividend stocks under $50. The stock has a dividend yield of 8.64%, as of January 28.

As of the end of the September quarter of 2023, 34 hedge funds in Insider Monkey’s database owned stakes in Energy Transfer LP (NYSE:ET), which remained unchanged from the preceding quarter. The collective stake value of these positions is over $803.2 million.

8. Altria Group, Inc. (NYSE:MO)

Number of Hedge Fund Holders: 40

Share Price as of January 26: $40.2

Altria Group, Inc. (NYSE:MO) is a large American corporation primarily engaged in the tobacco industry. Some of the well-known brands under the Altria umbrella include Marlboro, Copenhagen, Skoal, and Black & Mild. In December 2023, the company declared a quarterly dividend of $0.98 per share, which was in line with its previous dividend. The company has raised its dividends for 54 years in a row, which makes MO one of the best dividend stocks on our list. As of January 28, the stock has a dividend yield of 9.75%.

At the end of the third quarter of 2023, 40 hedge funds in Insider Monkey’s database reported having stakes in Altria Group, Inc. (NYSE:MO), compared with 43 in the preceding quarter. These stakes have a collective value of more than $565 million. Among these hedge funds, Harris Associates was the company’s leading stakeholder in Q3.

7. KeyCorp (NYSE:KEY)

Number of Hedge Fund Holders: 42

Share Price as of January 26: $14.6

KeyCorp (NYSE:KEY) is an Ohio-based regional bank holding company. It operates as a financial services company, providing a range of banking and financial products and services to individuals, small businesses, and corporate clients. The company currently pays a quarterly dividend of $0.205 per share and has a dividend yield of 5.59%, as of January 28. It is one of the best dividend stocks on our list as the company has been growing its payouts for the past 12 years.

Insider Monkey’s database of Q3 2023 indicated that 42 hedge funds owned stakes in KeyCorp (NYSE:KEY), compared with 49 in the preceding quarter. The collective value of these stakes is nearly $650 million.

6. Kinder Morgan, Inc. (NYSE:KMI)

Number of Hedge Fund Holders: 42

Share Price as of January 26: $17.44

Kinder Morgan, Inc. (NYSE:KMI) ranks sixth on our list of the best dividend stocks under $50. The American energy and infrastructure company was a part of 42 hedge fund portfolios at the end of Q3 2023, growing from 36 in the previous quarter, as per Insider Monkey’s database. The collective value of stakes owned by these hedge funds is roughly $770 million.

Kinder Morgan, Inc. (NYSE:KMI) offers a quarterly dividend of $0.2825 per share and has been rewarding shareholders with growing dividends for the past six consecutive years. As of January 28, the stock offers a dividend yield of 6.48%. The Procter & Gamble Company (NYSE:PG), Colgate-Palmolive Company (NYSE:CL), and PepsiCo, Inc. (NASDAQ:PEP) are some other prominent stocks that have raised their dividends for decades.

Click to continue reading and see 5 Best Dividend Stocks Under $50.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on October 30, 2024 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.

For a ridiculously low price of just $29, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $29.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a year later!

A New Dawn is Coming to U.S. Stocks

Published on November 16, 2024 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up