5 Best Dividend Stocks Under $5

In this article, we discuss 5 best dividend stocks under $5. If you want to read our detailed analysis of dividend stocks and their historical performance, go directly to read 12 Best Dividend Stocks Under $5.

5. Baytex Energy Corp. (NYSE:BTE)

Number of Hedge Fund Holders: 17
Share Price as of October 28: $4.34

Baytex Energy Corp. (NYSE:BTE) is a Canada-based oil and gas company that engages in the exploration, development, and production of petroleum and natural gas resources. The company currently pays a quarterly dividend of C$0.0225 per share and has a dividend yield of 1.49%, as of October 28.

The number of hedge funds tracked by Insider Monkey owning stakes in Baytex Energy Corp. (NYSE:BTE) grew to 17 in Q2 2023, from 11 in the previous quarter. The consolidated value of these stakes is over $74 million. Among these hedge funds, SIR Capital Management was the company’s leading stakeholder in Q2.

4. Pitney Bowes Inc. (NYSE:PBI)

Number of Hedge Fund Holders: 17
Share Price as of October 28: $3.06

Pitney Bowes Inc. (NYSE:PBI) is a global technology company that primarily specializes in providing various products and services related to mail and shipping. On August 3, the company declared a quarterly dividend of $0.05 per share, which was in line with its previous dividend. The stock’s dividend yield on October 28 came in at 6.54%.

As of the end of Q2 2023, 17 hedge funds in Insider Monkey’s database owned stakes in Pitney Bowes Inc. (NYSE:PBI), compared with 22 in the previous quarter. These stakes are collectively valued at over $22.3 million.

3. Diversified Healthcare Trust (NASDAQ:DHC)

Number of Hedge Fund Holders: 18
Share Price as of October 28: $1.98

Diversified Healthcare Trust (NASDAQ:DHC) is an American real estate investment trust company that primarily focuses on investing in and managing a diverse portfolio of healthcare-related properties. The company’s quarterly dividend currently stands at $0.01 per share for a dividend yield of 2.02%, as of October 28.

As of the end of Q2 2023, 18 hedge funds tracked by Insider Monkey reported having stakes in Diversified Healthcare Trust (NASDAQ:DHC), worth over $70.4 million in total.

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.

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.

You can also take a look at 12 Best Undervalued Energy Stocks To Buy According to Analysts and 12 Best Performing NASDAQ Stocks in 2023

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