5 Best Cheap Dividend Stocks to Buy Now

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1. The Kraft Heinz Company (NASDAQ:KHC)

Share Price as of September 29: $33.62

The Kraft Heinz Company (NASDAQ:KHC) is one of America’s largest food companies that sells its products globally. The company has been offering dividends to shareholders long before the merger of Kraft and Heinz in 2015. It currently pays a quarterly dividend of $0.40 per share for a dividend yield of 4.78%, as recorded on September 29.

In July, Stifel upgraded The Kraft Heinz Company (NASDAQ:KHC) to Buy from Neutral, with a $43 price target. The firm also appreciated the growth in the company revenue after the pandemic.

At the end of Q2 2022, 41 hedge funds tracked by Insider Monkey owned stakes in The Kraft Heinz Company (NASDAQ:KHC), worth over $13.6 billion. In the previous quarter, 35 hedge funds owned positions in the food company, with stakes valued at over $13.4 billion. Warren Buffett’s Berkshire Hathaway was the company’s leading stakeholder in Q2.

You can also take a look at 11 Best Dividend Paying Stocks To Buy Now and 10 Very High Yield Dividend Stocks to Check Out

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