5 Best Affordable Dividend Stocks To Buy

3. CSX Corporation (NASDAQ:CSX)

Number of Hedge Fund Holders: 64
P/E Ratio as of November5: 16.08
Share Price as of November 5: $30.40

CSX Corporation (NASDAQ:CSX) is a Florida-based transportation and logistics company. It is primarily involved in the rail transportation of goods, making it one of the largest Class I railroads in North America. It is one of the best dividend stocks on our list as the company has been rewarding shareholders with growing dividends for the past 18 years. The company currently pays a quarterly dividend of $0.11 per share and has a dividend yield of 1.45%, as of November 5.

At the end of Q2 2023, 64 hedge funds in Insider Monkey’s database reported having stakes in CSX Corporation (NASDAQ:CSX), up from 61 in the previous quarter. The overall value of these stakes is nearly $4 billion.

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