13 Cheap High Dividend Stocks To Invest In Now

6. Shell plc (NYSE:SHEL)

Number of Hedge Fund Holders: 48

Dividend Yield as of February 17: 4.27%

P/E Ratio: 13.31

Shell plc (NYSE:SHEL), a British multinational energy giant, ranks 6th on our list of the best dividend stocks. The company expects global demand for liquefied natural gas to rise significantly in the coming years, while natural gas will see slower growth and oil demand could peak by 2030. Shell outlined three possible futures – Surge, where AI-driven productivity fuels higher energy demand, pushing LNG supply beyond 700 MTPA after 2040; Archipelagos, where countries prioritize their own interests over global cooperation on AI and renewable energy; and Horizon, where the world reaches net-zero emissions by 2050, keeping global warming below 1.5°C. In this last scenario, LNG demand peaks in the early 2030s, and natural gas declines soon after. Shell plc (NYSE:SHEL) also points to the rise of electric vehicles as a major reason oil demand may peak by 2030.

In Q4 2024, Shell announced a 4% higher dividend alongside a $3.5 billion share repurchase plan, continuing its streak of at least $3 billion in buybacks for the 13th consecutive quarter. On January 30, the company declared a quarterly dividend of $0.716 per ADS, an increase from the previous $0.688. The dividend will be paid on March 24 to shareholders on record as of February 14.

According to Insider Monkey’s Q3 data, Shell plc (NYSE:SHEL) was held by 48 hedge fund portfolios, compared to 49 in the earlier quarter. Ken Fisher’s Fisher Asset Management was the largest stakeholder in the company, with 24.5 million shares worth $1.6 billion.