5 Cheap Dividend Stocks With High Yields

2. KeyCorp (NYSE:KEY)

P/E Ratio as of May 19: 5.83
Dividend Yield as of May 19: 8.13%

KeyCorp (NYSE:KEY) is an Ohio-based retail banking company that provides a wide range of related services to its consumers. The company currently pays a quarterly dividend of $0.205 per share for a dividend yield of 8.13%, as of May 19. It has raised its dividends consistently for the past 12 years, which makes it one of the best dividend stocks on our list.

As of the close of Q4 2022, 33 hedge funds tracked by Insider Monkey reported having stakes in KeyCorp (NYSE:KEY), worth $582 million collectively.