5 Best Dividend Stocks Under $30

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1. Ally Financial Inc. (NYSE:ALLY)

Number of Hedge Fund Holders: 48
Share Price as of July 25: $29.2

Ally Financial Inc. (NYSE:ALLY) is an American financial services company that operates as a diversified financial institution. The company provides a range of products and services to consumers, businesses, automotive dealers, and corporate clients. It tops our list of the best dividend stocks to buy under $30.

Ally Financial Inc. (NYSE:ALLY)’s announcement of dividend on July 17 remained in line with its previous dividend at $0.30 per share. However, the company has raised its dividends consistently for the past six years. As of July 25, the stock offers a dividend yield of 4.15%.

The number of hedge funds tracked by Insider Monkey owning stakes in Ally Financial Inc. (NYSE:ALLY) jumped to 48 in Q1 2023, from 43 in the previous quarter. Among these hedge funds, Warren Buffett’s Berkshire Hathaway was the company’s leading stakeholder in Q1.

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