5 Undervalued Stocks That Just Raised Their Dividends

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1. TEGNA Inc. (NYSE:TGNA)

PE Ratio (TTM): 5.30

TEGNA Inc. (NYSE:TGNA) tops our list of the best dividend stocks that just raised their payouts. The American broadcast and digital media company pays a quarterly dividend of $0.125 per share and has a dividend yield of 3.28%, as of May 13. In May this year, the company raised its dividend third time after the pandemic of 2020.

At the end of December 2023, 25 hedge funds in Insider Monkey’s database held stakes in TEGNA Inc. (NYSE:TGNA), compared with 29 in the previous quarter. These stakes have a total value of nearly $261 million.

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You can also take a look at 12 Best Gig Economy Stocks To Buy and Wall Street Analysts See Upside Potential for 10 Stocks with Rising Price Targets

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