5 Best Dividend Stocks Under $30

2. The AES Corporation (NYSE:AES)

Number of Hedge Fund Holders: 44
Share Price as of July 25: $21.60

The AES Corporation (NYSE:AES) is a Virginia-based power company engaged in the generation and distribution of electric power. The company was a part of 44 hedge fund portfolios at the end of Q1 2023, which remained unchanged from the previous quarter, as per Insider Monkey’s database. The stakes owned by these funds have a total value of over $1.11 billion.

The AES Corporation (NYSE:AES), one of the best dividend stocks to buy under $30, has raised its dividends each year since 2013. It currently pays a quarterly dividend of $0.1659 per share and its dividend yield on July 25 stood at 3.03%.

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