5 Growing Dividend Stocks with Low PE Ratios

2. Northern Oil and Gas, Inc. (NYSE:NOG)

5-Year Average Annual Revenue Growth Rate: 59.9%
Forward P/E Ratio as of August 11: 6.46

Northern Oil and Gas, Inc. (NYSE:NOG) is a Minnesota-based independent energy company. In the past five years, the company’s revenue has grown by nearly 60% and its forward P/E ratio on August 11 came in at 6.46.

Northern Oil and Gas, Inc. (NYSE:NOG) is one of the best dividend stocks on our list as it has raised its dividends for consecutive 10 quarters. It currently pays a quarterly dividend of $0.38 per share and has a dividend yield of 3.6%, as recorded on August 11.

As of the close of Q1 2023, 20 hedge funds in Insider Monkey’s database owned stakes in Northern Oil and Gas, Inc. (NYSE:NOG), compared with 25 a quarter earlier. These stakes have a collective value of over $275.8 million. With over 3 million shares, Angelo Gordon & Co was the company’s leading stakeholder in Q1.