5 Best High Dividend Stocks Under $100

In this article, we discuss 5 best high dividend stocks under $100. If you want to read our detailed analysis of high dividend stocks and their performance over the years, go directly to read 12 Best High Dividend Stocks Under $100.

5. ONEOK, Inc. (NYSE:OKE)

Number of Hedge Fund Holders: 27
Dividend Yield as of March 19: 5.05%
Share Price as of March 19: $78.44

ONEOK, Inc. (NYSE:OKE) is a leading energy company primarily involved in the gathering, processing, storage, and transportation of natural gas and natural gas liquids in the US. The company declared a nearly 4% hike in its quarterly dividend to $0.99 per share in January this year. In its recent quarterly earnings, the company mentioned that it is targeting an annual dividend growth rate ranging between 3% to 4%. The stock has a dividend yield of 5.05% as of March 19, which makes OKE one of the best dividend stocks with high yields.

As per Insider Monkey’s database of Q4 2023, 27 hedge funds held stakes in ONEOK, Inc. (NYSE:OKE), down from 36 in the previous quarter. These stakes are collectively valued at over $593.2 million. With over 3 million shares, First Eagle Investment Management was the company’s leading stakeholder in Q4.

4. Realty Income Corporation (NYSE:O)

Number of Hedge Fund Holders: 27
Dividend Yield as of March 19: 5.92%
Share Price as of March 19: $52.08

An American real estate investment trust company, Realty Income Corporation (NYSE:O) is next on our list of the best dividend stocks with high yields. On March 13, the company declared a 0.2% hike in its monthly dividend to $0.257 per share. This was the company’s 124th dividend increase since its listing on the NYSE in 1994. The stock has a dividend yield of 5.92%, as of March 19.

Realty Income Corporation (NYSE:O) was a part of 28 hedge fund portfolios at the end of Q4 2023, up from 23 in the previous quarter, according to Insider Monkey’s database. These stakes are worth $332.5 million in total.

3. Dow Inc. (NYSE:DOW)

Number of Hedge Fund Holders: 39
Dividend Yield as of March 19: 5.01%
Share Price as of March 19: $56.7

Dow Inc. (NYSE:DOW) is a multinational corporation that operates in the materials science industry. The company is involved in the manufacturing and marketing of a wide range of chemical, plastic, and agricultural products. It has been making regular dividend payments to shareholders since 1912 and currently offers a quarterly dividend of $0.70 per share. With a dividend yield of 5.01% as of March 19, DOW is one of the best dividend stocks on our list with high yields.

As of the close of Q4 2023, 39 hedge funds in Insider Monkey’s database owned stakes in Dow Inc. (NYSE:DOW), which remained unchanged from the previous quarter. The consolidated value of these stakes is over $1.3 billion. Among these elite funds, Pzena Investment Management was the company’s leading stakeholder in Q4.

2. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 63
Dividend Yield as of March 19: 6.65%
Share Price as of March 19: $40

Verizon Communications Inc. (NYSE:VZ) is an American multinational telecommunications company that operates primarily in the fields of wireless communication, broadband, and digital media. The company declared a quarterly dividend of $0.665 per share on February 29, which was consistent with its previous dividend. Overall, it has been reading shareholders with growing dividends for the past 17 consecutive years, which makes it one of the best dividend stocks on our list. The stock’s dividend yield came in at 6.65% on March 19.

Verizon Communications Inc. (NYSE:VZ) was included in 63 hedge fund portfolios at the end of Q4 2023, up from 61 in the previous quarter, as per Insider Monkey’s database. The stakes owned by these hedge funds have a total value of over $2.6 billion.

1. Philip Morris International Inc. (NYSE:PM)

Number of Hedge Fund Holders: 68
Dividend Yield as of March 19: 5.46%
Share Price as of March 19: $95.30

Philip Morris International Inc. (NYSE:PM) ranks first on our list of the best dividend stocks on our list. The Connecticut-based tobacco company offers a quarterly dividend of $1.30 per share and has a dividend yield of 5.46%, as of March 19. The company holds a 14-year streak of consistent dividend growth.

At the end of Q4 2023, 68 hedge funds, up from 63 in the previous quarter, held stakes in Philip Morris International Inc. (NYSE:PM), as per Insider Monkey’s database. The collective value of these stakes is more than $5.5 billion.

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