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.
4. Paramount Global (NASDAQ:PARA)
Stock Price as of September 27: $19.40
Dividend Yield as of September 27: 4.95%
Number of Hedge Fund Holders: 42
Paramount Global (NASDAQ:PARA) is a leading global media and entertainment company comprising studios, networks, and streaming services, through a portfolio of brands that includes well-known names such as CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others.
Earlier this year in August, Paramount Global (NASDAQ:PARA) released its financial results for the quarter ended June 30, 2022. Its total revenue increased by 19% y-o-y to $7.8 billion, while it reported a net income of $422 million, for the three months. The normalized EPS was recorded at $0.64 for the quarter, beating the consensus by $0.02.
As of September 27, Paramount Global (NASDAQ:PARA) shares have lost 35.72% of their value year-to-date and trade at a forward P/E ratio of 11.75. Analysts have an average price target of $27.70 for its shares.
As of Q2 2022, 42 of the 895 hedge funds tracked by Insider Monkey were long Paramount Global (NASDAQ:PARA), holding shares worth $2.6 billion. Warren Buffet’s Berkshire Hathaway is its biggest shareholder.
3. Healthpeak Properties, Inc. (NYSE:PEAK)
Stock Price as of September 27: $22.80
Dividend Yield as of September 27: 5.26%
Number of Hedge Fund Holders: 28
Healthpeak Properties, Inc. (NYSE:PEAK) is a diversified real estate investment trust (REIT) that owns and develops healthcare real estate for Life Science, Medical Office, and CCRC tenants. It has a history of regular dividend payments and has paid three quarterly dividends of $0.30 per share so far this year.
As of September 27, Healthpeak Properties, Inc. (NYSE:PEAK) shares have lost 36.82% of their value since the beginning of the year. Nevertheless, analysts maintain an average price target of $31.62 for its shares.
On September 28, Wolf Research analyst Andrew Rosivach upgraded Healthpeak Properties, Inc. (NYSE:PEAK) to ‘Outperform’ rating from ‘Peer Perform’ with a $27 price target on its shares.
As of Q2 2022, 28 of the 895 hedge funds tracked by Insider Monkey owned shares of Healthpeak Properties, Inc. (NYSE:PEAK), valued at $249 million.
2. Warner Music Group Corp. (NASDAQ:WMG)
Stock Price as of September 27: $23.78
Dividend Yield as of September 27: 2.69%
Number of Hedge Fund Holders: 28
Warner Music Group Corp. (NASDAQ:WMG) is a multinational entertainment and record label company operating some of the largest and most famous labels in the world, including Atlantic, Elektra, Parlophone and Warner Records. It is also home to Warner Chappell Music – one of the world’s leading music publishers, with a catalog of more than one million copyrights.
On August 12, the board of directors of Warner Music Group Corp. (NASDAQ:WMG) declared a regular quarterly cash dividend of $0.16 per common share.
Warner Music Group Corp. (NASDAQ:WMG) has lost 44.93% of its value since the beginning of the year as of September 27 but analysts have an average price target of $33.80 for its shares.
As of Q2 2022, 28 of the 895 hedge funds tracked by Insider Monkey owned shares of Warner Music Group Corp. (NASDAQ:WMG), valued at $627 million. Darlington Partners Capital is its largest shareholder with ownership of 6.6 million shares valued at $161 million.
1. Albertsons Companies, Inc. (NYSE:ACI)
Stock Price as of September 27: $24.66
Dividend Yield as of September 27: 1.95%
Number of Hedge Fund Holders: 37
Boise, Idaho-based Albertsons Companies, Inc. (NYSE:ACI) is one of the largest food and drug retailers in the United States with over 2,200 stores in 34 states across the country under well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Haggen, and Carrs, among others.
As of September 27, Albertsons Companies, Inc. (NYSE:ACI) shares have lost 18.32% of their value year-to-date and trade at a forward P/E ratio of 8.41. Analysts have an average price target of $34.94 for its shares.
According to the Insider Monkey data on 895 leading hedge funds, 37 hedge funds were long Albertsons Companies, Inc. (NYSE:ACI) shares as of Q2 2022, with the total shares held by hedge funds valued at $4.7 billion. Cerberus Capital Management was the largest shareholder on record with ownership of 152 million shares valued at $3.9 billion.
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