5 Best Cheap Dividend Stocks to Buy Now

In this article, we discuss 5 best cheap dividend stocks to buy now. If you want to read our detailed analysis of the best dividend stocks and their returns over the years, go directly to read 10 Best Cheap Dividend Stocks to Buy Now. 

5. Organon & Co. (NYSE:OGN)

Share Price as of September 29: $24.51

Organon & Co. (NYSE:OGN) is a New Jersey-based pharmaceutical company that specializes in therapeutic fields and sells its products to international markets. In September, Piper Sandler upgraded the stock to Overweight with a $34 price target, noting that the company’s established brands segment will continue to be relatively limited due to the ongoing market condition. However, the firm appreciated the company’s fundamentals and its balance sheet.

In Q2 2022, Organon & Co. (NYSE:OGN) reported revenue of $1.6 billion, which fell in line with its prior-year quarter’s revenue. The company generated $151 million in operating cash flow, up from $123 million in the previous quarter. Its free cash flow stood at $67 million, compared with $60 million a quarter earlier. Moreover, at the end of June, the company had $545 million in cash and cash equivalents.

Organon & Co. (NYSE:OGN) started paying dividends in August 2021 and currently pays a quarterly dividend of $0.28 per share. The company’s shares boast a yield of 4.69%, as of September 29.

As of the close of Q2 2022, 28 hedge funds tracked by Insider Monkey reported owning stakes in Organon & Co. (NYSE:OGN), up from 27 in the previous quarter. The collective value of these stakes is over $232.6 million. AQR Capital Management was the company’s leading stakeholder in Q2.