5 Best Dividend Stocks Under $20

1. KeyCorp (NYSE:KEY)

Share Price as of October 30: $18.10

KeyCorp (NYSE:KEY) is an Ohio-based retail banking company that provides financial services to retail, small businesses, and commercial and investment clients. The company is one of the best dividend stocks on our list as it has been raising its dividends consistently for the past 11 years. Moreover, it has raised its dividends at a CAGR of 16.72% in the past five years, which makes it one of the best dividend stocks. The company pays a quarterly dividend of $0.195 per share and has a dividend yield of 4.31%, as of October 30.

In Q3 2022, KeyCorp (NYSE:KEY) posted revenue of $1.89 billion, up 4% from the same period last year. During the quarter, the company’s management approved the remaining $790 million existing share repurchase authorization.

In October, Morgan Stanley maintained an Equal Weight rating on KeyCorp (NYSE:KEY) with a $22 price target, highlighting the company’s fund loan growth.

As of the close of Q2 2022, 37 hedge funds tracked by Insider Monkey owned stakes in KeyCorp (NYSE:KEY), down from 38 in the previous quarter. These stakes have a total value of over $338.4 million. Adage Capital Management was the company’s leading stakeholder in Q2, owning stakes worth over $77 million.

You can also take a look at 10 Best Pharma Dividend Stocks To Buy and 11 Best UK Stocks To Buy Now

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