5 Best Dividend-Paying Stocks Under $50

In this article, we discuss 5 best dividend-paying stocks under $50. If you want to read our detailed analysis of dividend stocks and their returns over the years, go directly to read 14 Best Dividend-Paying Stocks Under $50. 

5. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 72
Share Price as of April 7: $37.6

Comcast Corporation (NASDAQ:CMCSA) is an American multinational telecommunications company. KeyBanc upgraded the stock to Overweight in April with a $44 price target and mentioned that near-term setup in cable and wireless is most attractive.

On January 26, Comcast Corporation (NASDAQ:CMCSA) declared a 7.4% hike in its quarterly dividend to $0.29 per share. Through this increase, the company took its dividend growth streak to 15 years, which makes it one of the best dividend stocks on our list. The stock’s dividend yield on April 7 came in at 3.08%.

At the end of Q4 2022, 72 hedge funds tracked by Insider Monkey reported having stakes in Comcast Corporation (NASDAQ:CMCSA), compared with 73 in the previous quarter. The collective value of these stakes is over $3.67 billion.

ClearBridge Investments mentioned Comcast Corporation (NASDAQ:CMCSA) in its Q4 2022 investor letter. Here is what the firm has to say:

“That balance served the Strategy well throughout the year, enabling outperformance against the benchmark in all four quarters. Results in the last three months were driven by a long-time media position in Comcast Corporation (NASDAQ:CMCSA), which we consider a durable compounder due to its consistent revenue growth and free cash flow generation. Comcast shares saw a snapback after a difficult first half of the year caused by cord cutting in its cable business and slowing subscriber growth in its broadband business. A flexible balance sheet and strong cash generation enabled the company to repurchase shares during the selloff earlier in the year.”