5 Best Affordable Dividend Stocks to Buy

In this article, we will take a look at the 5 Best Affordable Dividend Stocks to Buy. To read our analysis of the recent market trends, and dividend stocks, as well as the risk/reward and methodology of this list, you can go to the 10 Best Affordable Dividend Stocks to Buy.

5. Kimco Realty Corporation (NYSE:KIM)

Stock Price as of September 27: $18.16

Dividend Yield as of September 27: 4.85%

Number of Hedge Fund Holders: 19

Kimco Realty Corporation (NYSE:KIM) is a real estate investment trust (REIT) based in New York. It specializes in the ownership, management, acquisitions, and value enhancing redevelopment activities of shopping centers and owned interests in 533 U.S. shopping centers and mixed-use assets comprising 92 million square feet of gross leasable space, as of June 30, 2022.

Kimco Realty Corporation (NYSE:KIM) has regularly paid dividends to its shareholders for over 25 years. In July, its board of directors declared a quarterly cash dividend of $0.22 per common share, representing a 10% increase over the previous quarter.

As of September 27, Kimco Realty Corporation (NYSE:KIM) shares have lost 26.33% of their value year-to-date and currently trade at a forward P/E ratio of 25.01. Its shares have an average analyst price target of $24.62.

On September 27, Evercore ISI analyst Steve Sakwa lowered the price target on Kimco Realty Corporation (NYSE:KIM) shares to $23 from $24 and maintained an ‘Outperform’ rating.

As of Q2 2022, Kimco Realty Corporation (NYSE:KIM) shares were held by 19 of the 895 hedge funds tracked by Insider Monkey, valued at $125 million. Millennium Management was its biggest shareholder with ownership of 1.3 million shares valued at $25.3 million.