5 Best Dividend Paying Stocks Under $50

In this article, we discuss the best dividend stocks under $50. If you want to read our detailed analysis of dividend stocks and their returns over the years, go directly to read 11 Best Dividend Paying Stocks Under $50. 

5. Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Share Price as of September 30: $23.08

Hyster-Yale Materials Handling, Inc. (NYSE:HY) is an American company that designs and sells lift trucks and other specialized material handling equipment. In Q2 2022, the company reported revenue of $895.4 million which beat estimates by $78.7 million. The revenue also showed a 24.5% growth from the same period last year. At the end of June, the company’s cash on hand was $75.6 million, up from $65.1 million in the prior-year quarter.

Hyster-Yale Materials Handling, Inc. (NYSE:HY) currently pays a quarterly dividend of $0.3225 per share, with a dividend yield of 5.67%, as of September 30. The company has been raising its dividends consistently for the past eight years.

At the end of Q2 2022, 9 hedge funds tracked by Insider Monkey owned stakes in Hyster-Yale Materials Handling, Inc. (NYSE:HY), up from 7 in the previous quarter. The total value of these stakes is nearly $46 million, compared with $43.7 million worth of stakes owned by hedge funds in the preceding quarter. GAMCO Investors was the company’s leading stakeholder in Q2.

Diamond Hill Capital mentioned Hyster-Yale Materials Handling, Inc. (NYSE:HY) in its Q4 2021 investor letter. Here is what the firm has to say:

“Lift truck manufacturer Hyster-Yale’s pandemic-related operational malaise has been exacerbated by supply chain disruptions. Additionally, the management’s turnaround strategy has experienced delays. With little visibility into when the company may move past these issues and how long it may take for a strategic turnaround to gain traction, we decided to exit the holding to upgrade capital into higher conviction names.”