5 Best Dividend-Paying Stocks Under $50

4. Pfizer Inc. (NYSE:PFE)

Number of Hedge Fund Holders: 75
Share Price as of April 7: $41.50

Pfizer Inc. (NYSE:PFE) is an American multinational pharmaceutical industry company, based in New York. The company currently offers a quarterly dividend of $0.41 per share, having raised it by 2.5% in December 2022. This was the company’s 13th consecutive year of dividend growth. The stock’s dividend yield came in at 3.95% on April 7. It is among the best dividend stocks on our list.

In February, JPMorgan appreciated Pfizer Inc. (NYSE:PFE)’s decision to acquire Seagen and mentioned that this acquisition could bring $7 billion in its oncology sales through 2030. The firm maintained a Neutral rating on the stock.

As of the close of Q4 2022, 75 hedge funds in Insider Monkey’s database reported having stakes in Pfizer Inc. (NYSE:PFE), worth over $2.5 billion collectively.

Diamond Hill Capital mentioned Pfizer Inc. (NYSE:PFE) in its Q3 2022 investor letter. Here is what the firm has to say:

“Also among our bottom contributors were health care products manufacturer Abbott Labs, global pharmaceutical company Pfizer Inc. (NYSE:PFE), media and technology giant Alphabet, and insurance company American International Group (AIG). Although Pfizer continues to report strong performance of its core drugs, sales of its COVID vaccine and treatment have likely peaked and sales are expected to decline going forward. We remain optimistic about the company long term as we believe management is taking the company in the right direction, focusing R&D, and making strategic acquisitions with profits generated from COVID vaccine sales.”