5 Best Dividend Stocks Under $5

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1. Sirius XM Holdings Inc. (NASDAQ:SIRI)

Number of Hedge Fund Holders: 19
Share Price as of October 28: $4.12

Sirius XM Holdings Inc. (NASDAQ:SIRI) is a leading entertainment company that primarily operates in the satellite radio and audio streaming industry. On October 25, the company declared a 9.9% hike in its quarterly dividend to $0.266 per share. This marked the company’s seventh consecutive year of dividend growth, which makes SIRI one of the best dividend stocks on our list. The stock has a dividend yield of 2.58%, as of October 28.

At the end of the second quarter of 2023, 19 hedge funds tracked by Insider Monkey owned stakes in Sirius XM Holdings Inc. (NASDAQ:SIRI), worth over $76.4 million in total. Among these hedge funds, Balyasny Asset Management was the company’s leading stakeholder in Q2.

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