5 Best Dividend Paying Stocks Under $20

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1. Golden Ocean Group Limited (NASDAQ:GOGL)

Number of Hedge Fund Holders: 15
Dividend Yield: 18.10%
Share Price as of October 20: $10.22

Golden Ocean Group Limited (NASDAQ:GOGL) tops our list of the best dividend-paying stocks under $20. It is a Bermuda-based dry bulk shipping company, which specializes in the transportation of dry bulk cargoes. 

This June, BTIG lifted its price target on Golden Ocean Group Limited (NASDAQ:GOGL) to $12, while keeping a ‘Buy’ rating on the shares. In 2021, the stock has delivered a 131.1% return to shareholders, while its 12-month returns stood at 176.9%. 

As of Q2 2021, the number of hedge funds tracked by Insider Monkey having stakes in the company grew to 15, from 11 in the previous quarter. These stakes are valued at over $133.3 million. Arrowstreet Capital is the company’s leading shareholder, with over 4.1 million shares. 

You can also take a look at 10 Best Dividend Stocks for Passive Income and 10 Best Dividend Paying Stocks to Buy Under $50

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