5 Best Dividend Stocks Under $50

2. Pfizer Inc. (NYSE:PFE)

Number of Hedge Fund Holders: 73
Share Price as of January 26: $27.4

An American multinational biotechnology and pharmaceutical company, Pfizer Inc. (NYSE:PFE) is next on our list of the best dividend stocks under $50. The company offers a quarterly dividend of $0.42 per share, having raised it by 2.4% in December 2023. This was the company’s 14th consecutive year of dividend growth. As of January 28, the stock has a dividend yield of 6.12%.

According to Insider Monkey’s database of Q3 2023, 73 funds owned stakes in Pfizer Inc. (NYSE:PFE), the same as in the previous quarter. These stakes are collectively valued at over $2.4 billion.

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