5 Best Affordable Dividend Stocks to Buy

3. Golden Ocean Group Limited (NASDAQ:GOGL)

Share Price as of February 26: $10.34
P/E Ratio as of February 26: 4.52

Golden Ocean Group Limited (NASDAQ:GOGL) is a Bermuda-based dry bulk shipping company that owns one of the largest dry bulk fleets in the world. The company currently pays a quarterly dividend of $0.20 per share and has a dividend yield of 7.74%, as of February 26. With a share price of $10.34 and a P/E ratio of 4.52, it is one of the best affordable dividend stocks to buy.

In January, Fearnley upgraded Golden Ocean Group Limited (NASDAQ:GOGL) to Buy and also lifted its price target on the stock to $11.50. The firm appreciated the company’s assets and dividend yield.

At the end of Q4 2022, 15 elite funds in Insider Monkey’s database owned stakes in Golden Ocean Group Limited (NASDAQ:GOGL), down from 18 in the previous quarter. These stakes have a consolidated value of over $35.5 million. With 1 million shares, Encompass Capital Advisors was the company’s leading stakeholder in Q4.

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