5 Best Affordable Dividend Stocks To Buy

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In this article, we discuss 5 best affordable dividend stocks to buy. If you want to read our detailed analysis of dividend stocks and their previous performance, go directly to read 13 Best Affordable Dividend Stocks To Buy

5. HP Inc. (NYSE:HPQ)

Number of Hedge Fund Holders: 46
P/E Ratio as of November5: 11.77
Share Price as of November 5: $27.4

HP Inc. (NYSE:HPQ) is a multinational information technology company that specializes in providing a wide range of products and services in the technology and hardware industry. On October 11, the company declared a 5.5% hike in its annual dividend to $1.10 per share. Through this increase, the company stretched its dividend growth streak to 13 years, which makes it one of the best dividend stocks on our list. As of November 5, the stock has a dividend yield of 3.83%.

HP Inc. (NYSE:HPQ) was a popular buy among elite funds as hedge fund positions in the company grew to 46 in Q2 2023, from 37 in the previous quarter, as indicated by Insider Monkey’s database. The stakes owned by these funds have a collective value of more than $4.4 billion. Warren Buffett’s Berkshire Hathaway was the company’s leading stakeholder in Q2.

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