5 Best Cheap Dividend Stocks To Buy Right Now

In this article, we discuss 5 best cheap dividend stocks to buy right now. If you want to read our detailed analysis of value dividend stocks and the overall performance of dividend stocks, go directly to read 13 Best Cheap Dividend Stocks To Buy Right Now. 

5. Elevance Health, Inc. (NYSE:ELV)

Number of Hedge Fund Holders: 83
P/E Ratio as of April 5: 20.07

Previously known as Anthem, Elevance Health, Inc. (NYSE:ELV) is a multinational healthcare insurance company. On January 30, the company declared a 10.1% hike in its quarterly dividend to $1.63 per share. This was the company’s 12th consecutive year of dividend growth. During the fourth quarter of 2023, it returned over $346 million to shareholders in dividends, which makes ELV one of the best dividend stocks on our list. The stock has a dividend yield of 1.31%, as of April 5.

Elevance Health, Inc. (NYSE:ELV) was a part of 83 hedge fund portfolios at the end of Q4 2023, the same as in the previous quarter, as per Insider Monkey’s database. The stakes held by these hedge funds have a total value of over $5.8 billion.