5 Best Low-Priced Dividend Stocks to Buy

2. Coterra Energy Inc. (NYSE:CTRA)

Share Price as of January 23: $25.7
P/E Ratio as of January 23: 4.68

Coterra Energy Inc. (NYSE:CTRA) is an American energy company that is engaged in the exploration of hydrocarbons. In January, Mizuho initiated its coverage on the stock with a Buy rating and a $41 price target, highlighting the company’s ‘peer-leading’ cash generation outlook.

Coterra Energy Inc. (NYSE:CTRA) currently pays a quarterly dividend of $0.68 per share, having raised it by 5% in November 2022. The company has been raising its dividends consistently for the past six years. The stock’s dividend yield came in at 2.34%, as of January 23.

In the third quarter of 2022, Coterra Energy Inc. (NYSE:CTRA) reported an operating cash flow of $1.7 billion and its free cash flow came in at $1.5 billion. With a share price of $25.7 and a P/E ratio of 4.68, it is among the best low-priced dividend stocks on our list.

At the end of September 2022, 39 hedge funds tracked by Insider Monkey owned stakes in Coterra Energy Inc. (NYSE:CTRA), compared with 40 in the previous quarter. These stakes are valued collectively at $400 million.

Palm Valley Capital Management mentioned Coterra Energy Inc. (NYSE:CTRA) in its Q4 2022 investor letter. Here is what the firm has to say:

“For the full calendar year, the Fund’s top performers includes Coterra Energy Inc. (NYSE:CTRA). Coterra Energy Inc. (NYSE:CTRA)’s stock rose sharply along with energy prices at the beginning of 2022.”