5 Best Dividend Stocks Under $20

In this article, we will discuss 5 best dividend stocks under $20. If you want to read our detailed analysis of dividend stocks and their returns in the past, go directly to read 11 Best Dividend Stocks Under $20. 

5. Arbor Realty Trust, Inc. (NYSE:ABR)

Share Price as of October 30: $13.83

Arbor Realty Trust, Inc. (NYSE:ABR) is an American real estate investment trust company that provides debt capital for the multifamily loan and commercial real estate industries. The company is one of the best dividend stocks on our list as it has been raising its dividends consistently for the past nine years. Currently, it pays a quarterly dividend of $0.39 per share and has a dividend yield of 11.28%, as of October 30.

In October, Morgan Stanley maintained an Overweight rating on Arbor Realty Trust, Inc. (NYSE:ABR) with a $15 price target. The firm noted that basic fundamentals of mortgage REITs seem to be stable in the third quarter.

At the end of June 2022, 12 hedge funds tracked by Insider Monkey reported owning stakes in Arbor Realty Trust, Inc. (NYSE:ABR), down from 14 in the previous quarter. These stakes hold a collective value of over $74.5 million. With 1.4 million shares, Balyasny Asset Management was one of the company’s leading stakeholders in Q2.

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.

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.

2. USA Compression Partners, LP (NYSE:USAC)

Share Price as of October 30: $17.97

USA Compression Partners, LP (NYSE:USAC) is an American master limited partnership that is one of the country’s largest independent providers of natural gas compression services. The company pays a quarterly dividend of $0.525 per share and has a dividend yield of 11.69%, as recorded on October 30.

In the second quarter of 2022, USA Compression Partners, LP (NYSE:USAC) reported a distributable cash flow of $55.6 million, compared with $52.5 million during the same period last year. Its revenue also showed a 9.5% year-over-year growth to $171.5 million.

At the end of Q2 2022, PEAK6 Capital Management was the only shareholder of USA Compression Partners, LP (NYSE:USAC), owning stakes worth $427,000.

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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