5 Best Dividend Stocks Under $20

3. Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Share Price as of October 30: $16.65

Kennedy-Wilson Holdings, Inc. (NYSE:KW) is a California-based real estate investment firm that acquires undervalued commercial and residential assets in high-growth markets. The company reported a strong cash position in Q2 2022 which secured its dividend payments. It reported an operating cash flow of $37.4 million and its free cash flow came in at $4.3 million. Moreover, the company had over $460 million available in cash and cash equivalents.

Kennedy-Wilson Holdings, Inc. (NYSE:KW) currently pays a quarterly dividend of $0.24 per share. The company has raised its dividends 10 years in a row, which makes it one of the best dividend stocks under $20. As of October 30, the stock has a dividend yield of 5.77%.

In September, Evercore ISI started coverage of Kennedy-Wilson Holdings, Inc. (NYSE:KW) with an Outperform rating and a $24 price target.

At the end of the June quarter, 11 hedge funds in Insider Money’s database owned stakes in Kennedy-Wilson Holdings, Inc. (NYSE:KW), the same as in the previous quarter. These stakes hold a collective value of nearly $450 million, compared with $577 million worth of stakes owned by hedge funds a quarter earlier.