14 Best Dividend Stocks to Invest in Under $50

2. CSX Corporation (NASDAQ:CSX)

Number of Hedge Fund Holders: 70

Share Price as of the Close of March 3: $42.66

On March 3, Jefferies analyst Stephanie Moore raised the firm’s price recommendation on CSX Corporation (NASDAQ:CSX) to $50 from $42. The analyst reiterated a Buy rating on the shares. Moore said investors are increasingly paying attention to business models that could face disruption from artificial intelligence. In that context, the firm sees transportation networks as “core HALO exposures,” referring to Heavy Assets with Low Obsolescence. She explained that these businesses derive value “not just from software or labor inputs, but from long-lived infrastructure that is capital intensive, regulated, and effectively impossible to rebuild from scratch.” Based on that view, Jefferies raised price targets across several transportation companies with physical asset networks.

Earlier, on February 26, CSX announced that its board of directors approved a quarterly dividend of $0.14 per share on the company’s common stock. The dividend will be paid on March 13, 2026, to shareholders of record at the close of business on February 27, 2026. The new dividend reflects an 8% increase from the previous payment of $0.13 per share.

CSX Corporation (NASDAQ:CSX) operates as a transportation company. The company provides rail, intermodal, and rail-to-truck transload services for customers across several industries, including energy, industrial, construction, agriculture, and consumer products.