5 Best Dividend Stocks Under $20

4. Hewlett Packard Enterprise Company (NYSE:HPE)

Share Price as of October 30: $14.39

Hewlett Packard Enterprise Company (NYSE:HPE) is a Texas-based multinational information technology company. As consumer demand for technology products is growing after the pandemic as well, Barclays maintained an Overweight rating on the stock in October with a $17 price target.

In the third quarter of 2022, Hewlett Packard Enterprise Company (NYSE:HPE) reported revenue of roughly $7 billion, showcasing a 0.7% growth from the same period last year. The company’s cash flow from operations amounted to over $1.3 billion and free cash flow stood at $587 million. Within this cash flow, the company returned $353 million to shareholders through dividends and share repurchases.

Hewlett Packard Enterprise Company (NYSE:HPE) hasn’t raised its dividend since 2019 due to the pandemic, however, its payouts remained consistent during this period. The company pays a quarterly dividend of $0.12 per share and has a dividend yield of 3.34%, as of October 30.

At the end of Q2 2022, 37 hedge funds tracked by Insider Monkey owned stakes in Hewlett Packard Enterprise Company (NYSE:HPE), compared with 43 in the previous quarter. The collective value of these stakes is roughly $710 million.