5 Best Affordable Dividend Stocks to Buy

1. General Electric Company (NYSE: GE)

Dividend Yield: 0.30%
Price as of May 26, 2021: $13.4
No. of Hedge Fund Holders: 69

Topping the list of the 10 best affordable dividend stocks to buy is American industrial firm General Electric Company (NYSE: GE). The Boston-based company manufactures industrial tools and equipment for the healthcare, aviation, power, and renewable energy industries. GE was a former Dividend Aristocrat as the company has shown over 3 decades of dividend payment increase. Despite being a lousy dividend stock in the recent past, the firm has made tremendous headway in rebuilding its balance sheet. The company currently pays an annual dividend of $.04 per share with a 0.3% dividend yield

General Electric Company’s first-quarter revenue came in at $16.3 billion. Debt was lowered by nearly $4 billion in the first quarter, according to the company’s Q1 2021 report. With $32 billion in cash on hand, the business began the fiscal year 2021 with a strong start. GE reaffirmed and adjusted its earnings estimate of $0.15 to $0.25 per share, as well as $2.5 billion to $4.5 billion in industrial free cash flows. The shares of GE jumped 98% over the past twelve months. In May 2021, Citigroup analysts resumed the Buy rating on General Electric Company with a $17 price target.

At the end of the first quarter of 2021, 68 hedge funds in the database of Insider Monkey held stakes worth $6.2 billion in General Electric Company (NYSE: GE), down from 69 in the previous quarter worth $5.7 billion. 

You can also take a peek at 10 Popular Stocks Reddit’s WallStreetBets is Talking About Today and 10 Best Biotech Stocks to Buy According to Cathie Wood.

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