5 Cheap Dividend Stocks With High Yields

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1. Sandy Spring Bancorp, Inc. (NASDAQ:SASR)

P/E Ratio as of May 19: 5.70
Dividend Yield as of May 19: 6.18%

An American bank holding company, Sandy Spring Bancorp, Inc. (NASDAQ:SASR) tops our list of the best dividend stocks. The company currently offers a quarterly dividend of $0.34 per share, with a dividend yield of 6.18%, as of May 19. In 2022, it stretched its dividend growth streak to 12 years.

In April, DA Davidson maintained a Buy rating on Sandy Spring Bancorp, Inc. (NASDAQ:SASR) with a $28 price target, appreciating the company’s recent quarterly earnings. The firm also appreciated the company’s efforts to reduce loan growth and expenses.

As of the close of Q4 2022, 11 hedge funds in Insider Monkey’s database reported having stakes in Sandy Spring Bancorp, Inc. (NASDAQ:SASR), with a value of $28.3 million collectively.

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