In this article, we discuss 5 best low-priced dividend stocks to buy. If you want to read our detailed analysis of dividend stocks and their performance over the past years, go directly to read 12 Best Low-Priced Dividend Stocks To Buy.
5. Intel Corporation (NASDAQ:INTC)
Share Price as of January 23: $30.19
P/E Ratio as of January 23: 9.37
Intel Corporation (NASDAQ:INTC) is a California-based multinational tech company that specializes in cloud computing and data centers. The stock is currently trading at $30.19 per share and has a P/E ratio of 9.37, which makes it one of the best low-priced dividend stocks on our list.
Intel Corporation (NASDAQ:INTC) currently pays a quarterly dividend of $0.365 per share and has a dividend yield of 4.82%, as of January 23. The company has been raising its dividends for the past seven years and has paid dividends for 28 years straight.
In January, Truist presented a positive stance on the semiconductor and AI sectors. In view of this, the firm raised its price target on Intel Corporation (NASDAQ:INTC) to $33 with a Hold rating on the shares.
As of the end of the September quarter, 69 hedge funds owned stakes in Intel Corporation (NASDAQ:INTC), up from 65 in the previous quarter. These stakes have a total value of roughly $2 billion. With over 15 million shares, Two Sigma Advisors was one of the company’s leading stakeholders in Q3.
ClearBridge Investments mentioned Intel Corporation (NASDAQ:INTC) in its Q3 2022 investor letter. Here is what the firm has to say:
“Also on the detractor side, Intel Corporation (NASDAQ:INTC) delivered a disappointing revenue miss and lowered full-year revenue and earnings guidance as COVID-19-driven demand for PCs abated (where Intel enjoys half its sales) and a delay in its flagship Sapphire Rapids CPU hurt its data center business. Despite these issues, we still believe Intel is an economically sensitive turnaround story with substantial upside.”
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4. Marathon Oil Corporation (NYSE:MRO)
Share Price as of January 23: $28.2
P/E Ratio as of January 23: 5.39
Marathon Oil Corporation (NYSE:MRO) is another best low-priced dividend stock on our list. The company specializes in energy-related operations with a special focus on the exploration of hydrocarbons. The stock has a share price of $28.2 with a price-to-earnings ratio of 5.39, as of January 23.
In the third quarter of 2022, Marathon Oil Corporation (NYSE:MRO) reported revenue of $2.25 billion, which showed a 55.2% growth from the same period last year. The company returned over $1.1 billion to shareholders in dividends, including $54 million in dividends. Moreover, it returned 61% of its CFO to shareholders through the first three quarters.
Marathon Oil Corporation (NYSE:MRO) currently pays a quarterly dividend of $0.09 per share for a dividend yield of 1.28%. The company holds a six-year streak of consistent dividend growth.
Evercore ISI resumed its coverage on Marathon Oil Corporation (NYSE:MRO) in January with an Outperform rating and a $35 price target. The firm appreciated the company’s cash returns and asset clarity.
At the end of Q3 2022, 50 hedge funds tracked by Insider Monkey presented a bullish stance on Marathon Oil Corporation (NYSE:MRO), up from 41 funds in the previous quarter. The stakes owned by these hedge funds have a total value of over $1 billion.
Carillon Tower Advisers mentioned Marathon Oil Corporation (NYSE:MRO) in its Q1 2022 investor letter. Here is what the firm has to say:
“Stock selection contributed the most while sector allocation was also positive. An underweight to communication services and an overweight to energy helped performance, while an underweight to consumer staples and an overweight to materials detracted. Stock selection was strong within healthcare and materials but was weak within information technology and industrials. Marathon Oil (NYSE:MRO) increased its quarterly dividend and executed an impressive share buyback that blew by the target it originally announced.”
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3. Enterprise Products Partners L.P. (NYSE:EPD)
Share Price as of January 23: $26.2
P/E Ratio as of January 23: 11.30
Enterprise Products Partners L.P. (NYSE:EPD) is a Texas-based midstream natural gas and crude oil pipeline company. On January 5, the company declared a 3.2% hike in its quarterly dividend to $0.49 per share. This marked the company’s 23rd consecutive year of dividend growth. The stock’s dividend yield on January 23 came in at 7.51%.
In January, Wolfe Research upgraded Enterprise Products Partners L.P. (NYSE:EPD) to Outperform with a $27 price target. The firm appreciated the company’s balance sheet, dividend yield, excess free cash flow, and core business.
Enterprise Products Partners L.P. (NYSE:EPD), one of the best low-priced dividend stocks, is currently trading at $26.2 per share and has a P/E ratio of 11.30.
In the third quarter of 2022, Enterprise Products Partners L.P. (NYSE:EPD) reported a strong cash position with its distributable cash flow standing at nearly $2 billion. The company’s adjusted operating cash flow for the quarter came in at $2 billion, compared with $1.7 billion during the same period last year.
At the end of Q3 2022, 21 hedge funds tracked by Insider Monkey owned stakes in Enterprise Products Partners L.P. (NYSE:EPD), compared with 23 in the previous quarter. The collective worth of these stakes is over $221.6 million.
Fairholme Capital Management mentioned Enterprise Products Partners L.P. (NYSE:EPD) in its Q2 2022 investor letter. Here is what the firm has to say:
“Enterprise Products Partners L.P. (NYSE:EPD) is the largest position in the Fund. Enterprise provides processing and transportation services to producers and consumers of natural gas, natural gas liquids, and oil. These hydrocarbons are critical for modern life and have few if any, ready substitutes. Commodity prices do not greatly affect the company’s toll road fees. Enterprise is priced at less than nine times distributable cash flows and pays a 7.5% cash distribution.”
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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.”
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1. AT&T Inc. (NYSE:T)
Share Price as of January 23: $29.29
P/E Ratio as of January 23: 7.89
AT&T Inc. (NYSE:T) is an American multinational telecommunications company that provides mobile phone telephone services to its consumers. The company is among the best low-priced dividend stocks on our list, with a P/E ratio of 7.89 and a share price of $29.2, as of January 23.
On December 15, AT&T Inc. (NYSE:T) declared a quarterly dividend of $0.2775 per share, which fell in line with its previous dividend. The company has been raising its dividends consistently for the past 12 years. As of January 23, the stock has a dividend yield of 5.81%.
At the end of Q3 2022, 61 hedge funds tracked by Insider Monkey owned stakes in AT&T Inc. (NYSE:T), up from 55 a quarter earlier. The collective value of these stakes is over $1.53 billion.
Chartwell Investment Partners mentioned AT&T Inc. (NYSE:T) in its Q2 2022 investor letter. Here is what the firm has to say:
“In the Dividend Equity accounts, the three best performers in Q2 includes AT&T (NYSE:T, 2.5%), up 17.1%. AT&T completed the spin of the WarnerMedia business (HBO, CNN, etc.), and the market seemed to like the “back-to-basics” approach. Also, the telco business is expected to do relatively well in an inflationary environment.”
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You can also take a look at 12 Best Biofuel Stocks To Buy and 10 Best Healthcare Stocks for Recession
