In this article, we discuss the 5 best dividend-paying stocks under $20. If you want to read our detailed analysis of the dividend-paying stocks, go directly to read the 10 Best Dividend Paying Stocks Under $20.
5. Telefónica, S.A. (NYSE:TEF)
Number of Hedge Fund Holders: 9
Dividend Yield: 7.10%
Share Price as of October 20: $4.40
Telefónica, S.A. (NYSE:TEF) is a Spanish multinational telecommunications company that is also one of the largest providers of telephone operators and mobile networks in the world. The company stands fifth on our list of the best dividend-paying stocks under $20.
Of the 873 hedge funds tracked by Insider Monkey, 9 hedge funds have positions in Telefónica, S.A. (NYSE:TEF) in Q2 2021, valued at $59.3 million. The number of hedge funds having stakes in the company was the same in the previous quarter.
4. Arbor Realty Trust, Inc. (NYSE:ABR)
Number of Hedge Fund Holders: 18
Dividend Yield: 7.36%
Share Price as of October 20: $19.65
Arbor Realty Trust, Inc. (NYSE:ABR) is an American real estate investment trust that provides loans and services for senior housing, healthcare, and other commercial real estate assets. The company ranks fourth on our list of the best dividend-paying stocks under $20.
As of Q2 2021, 18 hedge funds tracked by Insider Monkey have positions in Arbor Realty Trust, Inc. (NYSE:ABR), compared with 21 in the previous quarter. The total value of these stakes is $109.3 million.
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.
2. USA Compression Partners, LP (NYSE:USAC)
Number of Hedge Fund Holders: 3
Dividend Yield: 12.5%
Share Price as of October 20: $17.64
USA Compression Partners, LP (NYSE:USAC) stands second on our list of the best dividend-paying stocks under $20. It is an American energy company that provides compression services. The company maintains, designs, and operates its compression units.
As of Q2 2021, 3 hedge funds tracked by Insider Monkey have positions in USA Compression Partners, LP (NYSE:USAC), up from 2 in the previous quarter. The total value of these stakes is $6.1 million.
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
