5 Best Dividend Paying Stocks Under $20

3. Shell Midstream Partners, L.P. (NYSE:SHLX)

Number of Hedge Fund Holders: 4
Dividend Yield: 10.44%
Share Price as of October 20: $12.19

Shell Midstream Partners, L.P. (NYSE:SHLX) is an American multinational company that operates and develops pipelines and other midstream assets. The company’s onshore and offshore pipelines are mainly located in Texas and Louisiana. It ranks third on our list of the best dividend-paying stocks under $20. 

This August, Barclays lifted its price target on Shell Midstream Partners, L.P. (NYSE:SHLX) to $14 while keeping an ‘Equal Weight’ rating on the shares. In the past year, the stock gained 25.5%. 

As of Q2 2021, 4 hedge funds tracked by Insider Monkey have positions in Shell Midstream Partners, L.P. (NYSE:SHLX), valued at $32.3 million. The number of hedge funds having stakes in the company was the same in the previous quarter. Chiron Investment Management is the company’s leading shareholder, with 1.2 million shares.