13 Best Affordable Dividend Stocks To Buy

Published on November 8, 2023 at 2:19 pm by Vardah Gill in Dividend Stocks, Hedge Funds, News

In this article, we discuss 13 best affordable dividend stocks to buy. You can skip our detailed analysis of dividend stocks and their previous performance, and go directly to read 5 Best Affordable Dividend Stocks To Buy.

In recent months, the bull market seems to have encountered obstacles. The S&P 500 declined by nearly 3% in October and NASDAQ fell by 3.43% during the month. It’s no longer solely dependent on the Federal Reserve’s actions, as it has been for the past year and a half. The positive aspect is that we don’t have to be able to predict where the market is heading. Therefore, a prudent approach is to regularly invest in strong dividend-yielding stocks when they are attractively valued, rather than trying to time the market’s highs and lows.

Examination of historical data reveals that undervalued stocks have exhibited more favorable long-term performance. Eugene Fama, a distinguished professor at the University of Chicago, and Kenneth French, a notable professor at Dartmouth College, conducted research that demonstrated how stocks with lower price-to-book ratios outperformed the S&P 500 index between 1963 and 1990, as reported by Oakmark Funds. The report also mentioned that investors who focused on growth typically held shares in exciting and dynamic companies. However, in the end, value investors emerged as the winners, as their investments in less flashy and more conventional stocks often yielded higher returns.

We’ve also published reports showing that value stocks tend to provide good returns over the long term. In our article titled 12 Best Value Dividend Stocks to Buy According to Warren Buffett, we reported that when inflation was high in 2022, value stocks globally saw a 7% decrease, whereas growth stocks faced a much larger decline of 28.6%. It’s worth noting that in the US, value stocks performed exceptionally well compared to growth stocks, marking their strongest performance relative to growth stocks since the dot-com crash in 2000.

Undervalued stocks that pay dividends should be on investors’ radars as they offer a steady income stream, making them attractive to income-focused investors. In addition to this, these stocks have the potential for capital appreciation as the market gradually recognizes their true value, providing a dual benefit of income and growth. Dividend payments can act as a hedge against inflation, as companies often raise their dividends to keep pace with rising costs. Walmart Inc. (NYSE:WMT), Johnson & Johnson (NYSE:JNJ), and AbbVie Inc. (NYSE:ABBV) are some of the best dividend stocks with strong dividend growth streaks. In this article, we will take a look at affordable dividend stocks.

Photo by Austin Distel on Unsplash

Our Methodology:

To create this list, we screened for dividend stocks with a P/E ratio under 25 and share prices under $50 as of November 5. Then, we picked companies from that list that have a reliable history of paying dividends consistently to their shareholders. We ranked the resulting list based on the number of hedge fund investors who held stakes in these companies, as per the Q2 2023 data from Insider Monkey’s database.

13. Manulife Financial Corporation (NYSE:MFC)

Number of Hedge Fund Holders: 18

P/E Ratio as of November 5: 3.85

Share Price as of November 5: $18.6

Manulife Financial Corporation (NYSE:MFC) is a Canada-based multinational financial services company that provides a range of financial products and services to individuals, businesses, and institutional clients. The company has raised its payouts for 10 years straight, which makes MFC one of the best dividend stocks on our list. It currently pays a quarterly dividend of C$0.365 per share and has a dividend yield of 5.78%, as of November 5.

At the end of Q2 2023, 18 hedge funds in Insider Monkey’s database reported having stakes in Manulife Financial Corporation (NYSE:MFC), up from 15 in the previous quarter. The consolidated value of these stakes is more than $96 million.

12. Sirius XM Holdings Inc. (NASDAQ:SIRI)

Number of Hedge Fund Holders: 19

P/E Ratio as of November5: 15.47

Share Price as of November 5: $4.95

Sirius XM Holdings Inc. (NASDAQ:SIRI) is an American leading audio entertainment company, primarily known for its satellite radio services. The company has been raising its dividends for seven consecutive years, including the recent hike of 9.9% in October this year. It offers a quarterly dividend of $0.o266 per share and has a dividend yield of 2.15%, as of November 5.

As of the end of Q2 2023, 19 hedge funds tracked by Insider Monkey owned stakes in Sirius XM Holdings Inc. (NASDAQ:SIRI), down from 24 in the previous quarter. The collective value of these stakes is over $76.4 million. With over 4 million shares, Balyasny Asset Management was the company’s leading stakeholder in Q2.

11. Apogee Enterprises, Inc. (NASDAQ:APOG)

Number of Hedge Fund Holders: 20

P/E Ratio as of November5: 9.81

Share Price as of November 5: $44.6

Apogee Enterprises, Inc. (NASDAQ:APOG) specializes in architectural and building glass solutions. The Minnesota-based provides a range of products and services to support the design, construction, and renovation of commercial and institutional buildings. On October 6, the company declared a quarterly dividend of $0.24 per share, which was consistent with its previous dividend. In 2023, it stretched its dividend growth streak to 10 years, which makes APOG one of the best dividend stocks on our list. As of November 5, the stock has a dividend yield of 2.15%.

The number of hedge funds tracked by Insider Monkey owning stakes in Apogee Enterprises, Inc. (NASDAQ:APOG) jumped to 20 in Q2 2023, from 15 in the previous quarter. The collective value of these stakes is roughly $50 million.

10. Flowers Foods, Inc. (NYSE:FLO)

Number of Hedge Fund Holders: 21

P/E Ratio as of November5: 21.2

Share Price as of November 5: $22.6

Flowers Foods, Inc. (NYSE:FLO) is next on our list of the best dividend stocks to buy. The leading American baking company specializes in the production and marketing of a wide range of fresh and frozen bakery products. The company has been raising its dividends for 21 consecutive years and pays a quarterly dividend of $0.23 per share. The stock’s dividend yield on November 5 came in at 4.13%.

In the second quarter of 2023, Flowers Foods, Inc. (NYSE:FLO) reported revenue of $1.23 billion, which showed an 8.8% growth from the same period last year. The company’s cash position remained strong as it generated $129 million in operating cash flow and returned $98.1 million to shareholders through dividends.

At the end of June 2023, Flowers Foods, Inc. (NYSE:FLO) was a part of 21 hedge fund portfolios, according to Insider Monkey’s data. The stakes owned by these hedge funds have a total value of roughly $146 million. Among these hedge funds, AQR Capital Management was the company’s leading stakeholder in Q2.

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

Number of Hedge Fund Holders: 25

P/E Ratio as of November5: 10.83

Share Price as of November 5: $26.64

Enterprise Products Partners L.P. (NYSE:EPD) is an American energy company, based in Texas. The company primarily focuses on the transportation, storage, and processing of energy commodities and operates a vast network of pipelines, terminals, processing plants, and storage facilities.

Enterprise Products Partners L.P. (NYSE:EPD), one of the best dividend stocks on our list, pays a quarterly dividend of $0.50 per share. The company’s dividend growth streak currently stands at 24 years. As of November 5, the stock has a dividend yield of 7.51%.

As of the end of the June quarter of 2023, 25 hedge funds in Insider Monkey’s database owned investments in Enterprise Products Partners L.P. (NYSE:EPD), compared with 26 in the previous quarter. The overall value of these stakes is over $272.7 million.

8. Unum Group (NYSE:UNM)

Number of Hedge Fund Holders: 32

P/E Ratio as of November5: 7.53

Share Price as of November 5: $43.6

Unum Group (NYSE:UNM) is a Tennessee-based insurance and financial services company that specializes in providing a range of insurance products and employee benefits solutions to individuals, employers, and organizations. On October 13, the company declared a quarterly dividend of $0.365 per share, which fell in line with its previous dividend. The company has raised its dividends for 15 years in a row and has a dividend yield of 3.35%, as recorded on November 5.

Insider Monkey’s database of Q2 2023 indicated that 32 hedge funds owned stakes in Unum Group (NYSE:UNM), up from 30 in the previous quarter. These stakes are collectively valued at over $852.7 million.

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

Number of Hedge Fund Holders: 43

P/E Ratio as of November5: 8.30

Share Price as of November 5: $40.6

Altria Group, Inc. (NYSE:MO) is a Virginia-based tobacco company that is known for its significant presence in smokeless tobacco markets, as well as its interest in the cannabis industry. The company remained committed to its shareholder obligation as it returned nearly $5 billion to shareholders through dividends in the first nine months of the year.

Altria Group, Inc. (NYSE:MO) currently pays a quarterly dividend of $0.98 per share and has a dividend yield of 9.64%, as of November 5. With a dividend growth streak of 54 years, MO is one of the best dividend stocks on our list. With over 7.2 million shares, Harris Associates was the company’s largest stakeholder in Q2.

6. The Kroger Co. (NYSE:KR)

Number of Hedge Fund Holders: 43

P/E Ratio as of November5: 19.2

Share Price as of November 5: $45.3

The Kroger Co. (NYSE:KR) is one of the largest retail grocery chains in the US. The company operates a wide range of stores and provides various services in the retail industry. The company has raised its dividends for 17 consecutive years and currently pays a quarterly dividend of $0.29 per share. As of November 5, the stock has a dividend yield of 2.56%.

As per Insider Monkey’s database of Q2 2023, 43 hedge funds in Insider Monkey’s database reported having stakes in The Kroger Co. (NYSE:KR). The collective worth of these stakes is more than $3.13 billion.

Click to continue reading and see 5 Best Affordable Dividend Stocks To Buy.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 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!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

The AI infrastructure supercycle
The onshoring boom driven by Trump-era tariffs
A surge in U.S. LNG exports
And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

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 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

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

Access to our Detailed Report on our AI, Tariffs, and Nuclear Energy Stock with 100+% potential upside within 12 to 24 months
BONUS REPORT on our #1 AI-Robotics Stock with 10000% upside potential: Our in-depth report dives deep into our #1 AI/robotics stock’s groundbreaking technology and massive growth potential.
One New Issue of Our Premium Readership Newsletter: You will also receive one new issue per month 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 Content: Premium access to members-only fund manager video interviews
Ad-Free Browsing: Enjoy a month of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Price Guarantee: Your renewal rate will always remain the same as long as your subscription is active.
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 $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

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 month later!

Insider Monkey Ads

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 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