5 Best Dividend Stocks Under $50

In this article, we discuss 5 best dividend stocks under $50. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 12 Best Dividend Stocks Under $50. 

5. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 61
Share Price as of January 26: $42.4

Verizon Communications Inc. (NYSE:VZ) is an American telecommunications company that is a major player in the wireless telecommunications industry, providing cellular services to individual consumers, businesses, and government entities. The company offers a quarterly dividend of $0.665 per share and has a dividend yield of 6.27%, as of January 28. In 2023, it achieved its 17th consecutive annual dividend increase, which makes VZ one of the best dividend stocks under $50.

The number of hedge funds in Insider Monkey’s database owning stakes in Verizon Communications Inc. (NYSE:VZ) grew to 61 in Q3 2023, from 53 a quarter earlier. The collective value of stakes owned by these hedge funds is roughly $1.4 billion.

4. CSX Corporation (NASDAQ:CSX)

Number of Hedge Fund Holders: 62
Share Price as of January 26: $35.3

CSX Corporation (NASDAQ:CSX) is an American transportation and logistics company, based in Florida. The company’s dividend growth streak currently spans over 18 years and it offers a quarterly dividend of $0.11 per share. The stock’s dividend yield on January 28 came in at 1.24%.

As per Insider Monkey’s database of Q3 2023, 62 hedge funds held stakes in CSX Corporation (NASDAQ:CSX), compared with 64 in the previous quarter. The overall value of these stakes is more than $3.8 billion. With roughly $43 million shares, Soroban Capital Partners was the company’s leading stakeholder in Q3.

3. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 68
Share Price as of January 26: $46.2

Comcast Corporation (NASDAQ:CMCSA) is a global media and technology company with a diverse range of businesses. The company is a leading provider of cable television, high-speed internet, and digital voice services to residential customers. On January 25, the company declared a 7% hike in its quarterly dividend to $0.31 per share. Through this increase, the company stretched its dividend growth streak to 16 years, which makes CMCSA one of the best dividend stocks on our list. The stock’s dividend yield on January 28 came in at 2.68%.

Of the 910 hedge funds tracked by Insider Monkey at the end of Q3 2023, 68 funds owned stakes in Comcast Corporation (NASDAQ:CMCSA), up from 66 in the previous quarter. the consolidated value of these stakes is over $3.6 billion.

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.

1. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 88
Share Price as of January 26: $33.4

Bank of America Corporation (NYSE:BAC) tops our list of the best dividend stocks under $50. The American financial services company has been making regular dividend payments for the past 24 years and currently offers a quarterly dividend of $0.24 per share. The stock has a dividend yield of 2.87%, as of January 28.

At the end of September 2023, 88 hedge funds in Insider Monkey’s database owned stakes in Bank of America Corporation (NYSE:BAC), compared with 90 in the previous quarter. These stakes have a total value of more than $31.3 billion.

You can also take a look at 16 Most Undervalued Quality Stocks To Buy According To Hedge Funds and 12 Best Foreign Dividend Stocks To Invest In