30 Growing Dividend Stocks with Low PE Ratios

11. Morgan Stanley (NYSE:MS)

Forward P/E Ratio as of April 22: 12.86

Morgan Stanley (NYSE:MS) ranks eleventh on our list of the best growing dividend stocks with low P/E ratios. The American multinational financial services company offers a wide range of related services and products to its consumers. On March 14, the company revealed that it had secured $4.1 billion for its newest fund, North Haven Infrastructure Partners IV. The fund attracted support from major institutional investors, including pension and sovereign wealth funds. With close to 20 years of experience, MSIP concentrates on essential infrastructure investments—spanning transportation, digital connectivity, energy transition, and utilities—to deliver lasting value and steady, inflation-resistant returns.

In the first quarter of 2025, Morgan Stanley (NYSE:MS) reported revenue of $17.7 billion, which showed a 17.5% growth from the same period last year. The revenue also beat analysts’ estimates by $1.19 billion. The firm reported a return on tangible common equity (ROTCE) of 23.0% for the first quarter. Its expense efficiency ratio stood at 68% during the same period. Quarterly expenses included $144 million in severance charges tied to a workforce reduction carried out in March across its various business units.

Morgan Stanley (NYSE:MS) also remained committed to returning value to shareholders, distributing $158 million through dividends in the most recent quarter. The company’s quarterly dividend comes in at $0.925 per share for a dividend yield of 3.35%, as of April 22.