5 Best Dividend Stocks Under $5

2. Braemar Hotels & Resorts Inc. (NYSE:BHR)

Number of Hedge Fund Holders: 18
Share Price as of October 28: $2.55

Braemar Hotels & Resorts Inc. (NYSE:BHR) is next on our list of the best dividend stocks under $5. The REIT specializes in the ownership and management of luxury hotels and resorts. On October 11, the company announced a quarterly dividend of $0.05 per share, which was consistent with its previous dividend. As of October 28, the stock has a dividend yield of 7.84%.

At the end of the June quarter of 2023, 18 hedge funds in Insider Monkey’s database reported owning stakes in Braemar Hotels & Resorts Inc. (NYSE:BHR), compared with 20 in the preceding quarter. The total value of these stakes is over $40 million. With over 2.3 million shares, Davidson Kempner was the company’s leading stakeholder in Q2.

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