In this article, we will be looking at the 5 best dividend stocks to buy under $20. To see our detailed analysis of dividend investing, go directly to the 10 Best Dividend Stocks to Buy Under $20.
5. Star Group, L.P. (NYSE: SGU)
Number of Hedge Fund Holders: 6
Dividend Yield: 5.07%
Star Group, L.P. (NYSE: SGU) sells home heating and air conditioning products and services for residential and commercial consumers alike in the US. The company also sells diesel, gasoline, and home heating oil on a deliver-only basis. It ranks 5th on our list of the best dividend stocks to buy under $20.
In the first quarter of 2021, Star Group, L.P. (NYSE: SGU) had an EPS of -$0.25, missing estimated by -$0.03. The company’s revenue was $327.35 million, showing a 9.03% increased year over year and beating estimates by $90.85 million. Star Group, L.P. (NYSE: SGU) has a gross profit margin of 35.11%, and the stock has gained 18.3% in the past 6 months and 20.19% year to date.
By the end of the first quarter of 2021, 6 hedge funds out of the 866 tracked by Insider Monkey held stakes in Star Group, L.P. (NYSE: SGU). The total value of their stakes was roughly $59.9 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of about $61 million.
4. Hennessy Advisors, Inc. (NASDAQ: HNNA)
Number of Hedge Fund Holders: 2
Dividend Yield: 5.88%
Hennessy Advisors, Inc. (NASDAQ: HNNA) is a publicly owned investment manager providing services to Hennessy Funds and other investment companies. It ranks 4th on our list of the best dividend stocks to buy under $20.
In the fiscal second quarter of 2021, Hennessy Advisors, Inc. (NASDAQ: HNNA) had EPS of $0.53, missing estimates by -$0.11, while its revenue of $13.57 million missed estimates by $0.24 million. The stock has gained 3.31% in the past 6 months and 12.64% year to date. Hennessy Advisors, Inc. (NASDAQ: HNNA) also has a gross profit margin of $48.14% and a consensus Buy rating, according to the Wall Street Journal.
By the end of the first quarter of 2021, 2 hedge funds out of the 866 tracked by Insider Monkey held stakes in Hennessy Advisors, Inc. (NASDAQ: HNNA). The total value of their stakes was roughly $1.41 million. This is compared to 2 hedge funds in the previous quarter with a total stake value of about $1.23 million.
3. Arbor Realty Trust, Inc. (NYSE: ABR)
Number of Hedge Fund Holders: 21
Dividend Yield: 7.4%
Arbor Realty Trust, Inc. (NYSE: ABR) invests in structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the US. The company ranks 3rd on our list of the best dividend stocks to buy under $20.
The stock gained this May in light of its dividend boost and positive first-quarter earnings. Arbor Realty Trust, Inc. (NYSE: ABR) also closed a $450 million $815 million multifamily mortgage loan securitization and collateralized loan obligation securitization on June 10th and 25th, respectively. Proceeds from the mortgage loan securitization are to be used for funding future loans and investments. In the first quarter of 2021, Arbor Realty Trust, Inc. (NYSE: ABR) had an FFO of $0.55, beating estimates by $0.09, while its $48.96 million revenue represented a 27.02% growth year over year and beat estimates by $2.66 million. The stock has a forward PE ratio of 9.9 and has gained 29.42% in the past 6 months and 33.07% year to date.
By the end of the first quarter of 2021, 21 hedge funds out of the 866 tracked by Insider Monkey held stakes in Arbor Realty Trust, Inc. (NYSE: ABR). The total value of their stakes was roughly $103 million. This is compared to 14 hedge funds in the previous quarter, with a total stake value of about $68.4 million.
2. Shell Midstream Partners, L.P. (NYSE: SHLX)
Number of Hedge Fund Holders: 4
Dividend Yield: 12.61%
Shell Midstream Partners, L.P. (NYSE: SHLX) operates and acquires pipelines and other midstream and logistics assets in the US. The company owns interests in crude oil and refined product pipelines as well. It ranks 2nd on our list of the best dividend stocks to buy under $20.
This April, Shell Midstream Partners, L.P. (NYSE: SHLX) commented on its first-quarter offshore oil pipeline volumes, shedding a positive light on them because of their 11% rise from the previous quarter. In the first quarter of 2021, Shell Midstream Partners, L.P. (NYSE: SHLX) had EPS of $0.37, beating estimates by $0.04. The revenue for the quarter was $139 million, a 14.88% growth year over year and beating estimates by $14.31 million. The stock has a forward PE ratio of 9.98 and has gained 44.6% and 45.17% year to date. The company also has a gross profit margin of 62.93%.
By the end of the first quarter of 2021, 4 hedge funds out of the 866 tracked by Insider Monkey held stakes in Shell Midstream Partners, L.P. (NYSE: SHLX). The total value of their stakes was about $27.4 million. This is compared to 7 hedge funds in the previous quarter with a total stake value of roughly $36 million.
1. USA Compression Partners, LP (NYSE: USAC)
Number of Hedge Fund Holders: 2
Dividend Yield: 12.82%
USA Compression Partners, LP (NYSE: USAC) is a provider of compression services under fixed-term contracts to oil companies, independent producers, processors, gatherers, and transporters of natural gas and crude oil. The company ranks 1st on our list of the best dividend stocks to buy under $20.
In the first quarter of 2021, USA Compression Partners, LP (NYSE: USAC) had an EPS of -$0.12, missing estimates by -$0.01. The company’s revenue was $157.51 million, missing estimates by $2.34 million. It has a gross profit margin of 70.29%, and the stock has gained 29.49% in the past 6 months and 23.62% year to date.
By the end of the first quarter of 2021, 2 hedge funds out of the 866 tracked by Insider Monkey held stakes in USA Compression Partners, LP (NYSE: USAC). The total value of their stakes was about $6.04 million. This is compared to 2 hedge funds in the previous quarter with a total stake value of roughly $5.69 million.
You can also take a peek at 14 Best European Dividend Stocks To Buy and 10 Best Technology Stocks That Pay Dividends.
