In this article, we discuss the 5 best affordable dividend stocks to buy. If you want to read our detailed analysis of these cheap dividend-paying companies, go directly to the 10 Best Affordable Dividend Stocks to Buy.
5. Lexington Realty Trust (NYSE: LXP)
Dividend Yield: 3.48%
Price as of May 26: $12.37
No. of Hedge Fund Holders: 12
American REIT Lexington Realty Trust (NYSE: LXP) ranks 5th on the list of 10 best affordable dividend stocks to buy. The REIT owns and operates 132 properties worth $4.4 billion in 29 states across the United States. The company generally funds single-tenant, net-lease assets with long-term contracts in well-located and rising markets in the US. Since 1995, Lexington Realty Trust has been paying quarterly dividends to common shareholders. The company currently pays an annualized dividend of $0.43 per share with a 3.48% yield. Lexington Realty Trust (NYSE: LXP) ranks 5th on the list of 10 best affordable dividend stocks to buy.
The company has a market cap of $3.6 billion. The company’s revenue in the first quarter of 2021 increased by 14.5% to $92.5 million, up from $81 million in the same quarter in 2020. Shares of LXP climbed 29% over the past twelve months.
At the end of the first quarter of 2021, 12 hedge funds in the database of Insider Monkey held stakes worth $33.9 million in Lexington Realty Trust (NYSE: LXP). Out of the hedge funds being tracked by Insider Monkey, Jim Simons’ Renaissance Technologies held the most shares – 907,082 – worth more than $10 million.