5 Undervalued Stocks That Just Raised Their Dividends

3. American International Group, Inc. (NYSE:AIG)

PE Ratio (TTM): 11.97

An American multinational insurance company, American International Group, Inc. (NYSE:AIG) is next on our list of the best dividend stocks. On May 2, the company announced an 11.1% hike in its quarterly dividend to $0.40 per share. The stock has a dividend yield of 2%, as of May 13.

American International Group, Inc. (NYSE:AIG) remained popular among elite funds in Q4 2023 as hedge fund positions in the company jumped to 51, from 42 in the previous quarter, according to Insider Monkey’s database. The stakes owned by these hedge funds have a total value of over $2 billion.

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