5 Best Dividend-Paying Stocks Under $15

4. Gray Television, Inc. (NYSE:GTN)

Number of Hedge Fund Holders: 23
Share Price as of March 22: $5.71

Gray Television, Inc. (NYSE:GTN) is an American television broadcasting company that mainly operates television stations and digital properties across the country. On February 27, the company declared a quarterly dividend of $0.08 per share, which was in line with its previous dividend. With a dividend yield of 5.60% as of March 23, GTN is one of the best dividend stocks on our list under $15.

As of the close of the December quarter of 2023, 23 hedge funds in Insider Monkey’s database reported having stakes in Gray Television, Inc. (NYSE:GTN), up from 21 in the previous quarter. The collective value of these stakes is over $135.5 million. With over 5.2 million shares, Darsana Capital Partners was the company’s leading stakeholder in Q4.