5 Best Dividend-Paying Stocks Under $50

3. Citigroup Inc. (NYSE:C)

Number of Hedge Fund Holders: 81
Share Price as of April 7: $45.8

Citigroup Inc. (NYSE:C) is a New York-based multinational investment banking company. In March, RBC Capital gave a neutral stance on the banking sector considering the ongoing inflation and interest rate hikes. Given this, the firm maintained an Outperform rating on the stock with a $51 price target.

Citigroup Inc. (NYSE:C), one of the best dividend stocks, declared a quarterly dividend of $0.51 per share on April 3, which was in line with its previous dividend. The stock has a dividend yield of 4.45%, As of April 7.

At the end of Q4 2022, 81 hedge funds tracked by Insider Monkey owned stakes in Citigroup Inc. (NYSE:C), compared with 85 in the preceding quarter. The collective value of these stakes is nearly $7.5 billion. Berkshire Hathaway was the company’s leading stakeholder in Q4.