In this article, we take a look at 5 dividend stocks to buy under $20. If you want to see our detailed discussion on dividend investing and the performance of dividend stocks over the years, go directly to 10 Dividend Stocks to Buy Under $20.
5. Oaktree Specialty Lending Corporation (NASDAQ:OCSL)
Number of Hedge Fund Holders: 11
Dividend Yield: 7.87%
At the end of the second quarter of 2021, Oppenheimer analyst Mitchel Penn initiated coverage of Oaktree Specialty Lending Corporation (NASDAQ:OCSL) with an Outperform rating and $7.50 price target. The analyst said that the company has an “experienced” management team focused on increasing ROE through portfolio rotation and higher leverage. Penn added that Oaktree Specialty Lending Corporation’s (NASDAQ:OCSL) credit is “strong.”
4. BP Midstream Partners LP (NYSE:BPMP)
Number of Hedge Fund Holders: 6
Dividend Yield: 10.04%
BP Midstream Partners LP (NYSE:BPMP) owns, acquires, develops, and operates pipelines and other midstream assets in the United States.
By the end of the second quarter of 2021, 6 hedge funds held stakes in BP Midstream Partners LP (NYSE:BPMP) worth approximately $10.9 million. This is compared to 5 positions in the first quarter, with a total stake value of $11.2 million.
3. Shell Midstream Partners LP (NYSE:SHLX)
Number of Hedge Fund Holders: 4
Dividend Yield: 10.27%
Shell Midstream Partners LP (NYSE:SHLX) owns, operates, develops, and acquires pipelines and other midstream, and logistics assets in the United States. It owns interests in crude oil and refined products pipelines and terminals to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets.
As of the second quarter of 2021, Shell Midstream Partners LP (NYSE:SHLX) reported earnings per share of $0.36, beating expert estimates by $0.02.
2. USA Compression Partners LP (NYSE:USAC)
Number of Hedge Fund Holders: 3
Dividend Yield: 11.98%
USA Compression Partners LP (NYSE:USAC), together with its subsidiaries, provides compression services under fixed-term contracts to oil companies and independent producers, processors, gatherers, and transporters of natural gas and crude oil.
For the second quarter of 2021, USA Compression Partners LP (NYSE:USAC) generated revenues of $156.56 million. USA Compression Partners LP (NYSE:USAC) has gained 11.16% over the past six months, and 32.30% year to date. The stock has a dividend yield of 11.98%.
1. Golden Ocean Group Ltd (NASDAQ:GOGL)
Number of Hedge Fund Holders: 15
Dividend Yield: 15.56%
Golden Ocean Group Ltd (NASDAQ:GOGL) is a shipping company that owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and time charter markets.
This September, H.C. Wainwright analyst Magnus Fyhr initiated coverage of Golden Ocean Group Ltd (NASDAQ:GOGL) with a Neutral rating and a $13 price target.
By the end of the second quarter, 15 hedge funds held stakes in Golden Ocean Group Ltd (NASDAQ:GOGL) worth over $133.3 million. This is compared to 11 hedge funds in the first quarter of 2021, with stakes of $62.1 million.
You can also take a look at 10 Best Dividend Stocks to Buy According to Billionaire Howard Marks and 10 Best Dividend Stocks for Long Term.
