5 Best Dividend Stocks Under $30

3. Coterra Energy Inc. (NYSE:CTRA)

Number of Hedge Fund Holders: 31
Share Price as of July 25: $27.06

Coterra Energy Inc. (NYSE:CTRA) is an American energy company that is involved in the exploration of hydrocarbon. In its first-quarter earnings announced in May, the company generated over $1.78 billion in revenues, which saw a 6% growth from the same period last year. Its operating cash flow stood at nearly $1.5 billion and its free cash flow amounted to $556 million.

Coterra Energy Inc. (NYSE:CTRA) offers a quarterly dividend of $0.20 per share and has a dividend yield of 7.92%, as of July 25. During its most recent quarter, the company distributed over $152 million to shareholders through dividends, which makes it one of the best dividend stocks on our list.

At the end of March 2023, 31 hedge funds tracked by Insider Monkey reported having stakes in Coterra Energy Inc. (NYSE:CTRA), compared with 33 in the previous quarter. These stakes have a consolidated value of over $435 million.