5 Best Cheap Dividend Stocks To Buy Now

1. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 106
P/E Ratio as of August 20: 9.57

JPMorgan Chase & Co. (NYSE:JPM) tops our list of the best dividend stocks to consider now. The company pays a quarterly dividend of $1 per share and has a dividend yield of 2.73%, as of August 20.

At the end of Q2 2023, 106 hedge funds tracked by Insider Monkey owned positions in JPMorgan Chase & Co. (NYSE:JPM), worth collectively over $4.38 billion.

Madison Investments mentioned JPMorgan Chase & Co. (NYSE:JPM) in its Q2 2023 investor letter. Here is what the firm has to say:

“JPMorgan Chase & Co. (NYSE:JPM) has rebounded nicely following the mini-bank crisis in March. They held an analyst meeting in May at which they gave updated guidance on net interest income. They expect net interest income to increase to $84 billion from its forecast of $81 billion as First Republic assets will get a nice boost from rising interest rates.”

You can also take a look at Ken Fisher’s Top 15 Energy Stock Picks and 10 Best Dividend Stocks Yielding at Least 7% According to Hedge Funds

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