15 Best Low Priced Dividend Stocks to Buy Now

6. The Kraft Heinz Company (NASDAQ:KHC)

Share Price as of the Close of March 17: $30.66

Forward P/E Ratio as of March 17: 11.10

An American multinational food company, The Kraft Heinz Company (NASDAQ:KHC) is well known for its diverse lineup of iconic food and beverage brands. Its popular brands include Kraft, Heinz, Philadelphia, Ore-Ida, Maxwell House, and Jell-O. With a strong reputation for quality, its products remain household essentials and are also widely used in the food service industry.

However, The Kraft Heinz Company (NASDAQ:KHC) has faced ongoing challenges, with its stock price declining by more than 12% over the past year. Its fourth-quarter 2024 results were mixed, as weaker sales were counterbalanced by profitability efforts. Adjusted earnings per share reached $0.84, exceeding market expectations by $0.06, largely due to unexpected tax benefits and a reduced share count. At the same time, revenue declined 5% year-over-year to $6.58 billion, falling short of the anticipated $6.66 billion amid continued weakness in organic sales. In its core US market, net sales dropped 3.9% compared to the previous year, with price hikes only partially offsetting lower sales volumes.

Despite these challenges, The Kraft Heinz Company (NASDAQ:KHC) maintained a solid financial position in fiscal 2024, generating $3.2 billion in free cash flow, a 6% increase from the prior year. Operating cash flow also improved, rising 5.2% year-over-year to $4.2 billion. The company returned $2.7 billion to shareholders through dividends and share buybacks, reinforcing its standing as one of the top dividend stocks. Its quarterly dividend comes in at $0.40 per share for a dividend yield of 5.22%, as of March 17.