5 Best Dividend Penny Stocks to Buy Now

In this article, we will discuss 5 best dividend penny stocks to buy now. If you want to read our detailed analysis of dividend stocks and their past performance, go directly to read 10 Best Dividend Penny Stocks to Buy Now. 

5. VAALCO Energy, Inc. (NYSE:EGY)

Number of Hedge Fund Holders: 15
Share Price as of July 2: $3.76

VAALCO Energy, Inc. (NYSE:EGY) is a Texas-based energy company that is engaged in the exploration of hydrocarbons. The company also specializes in the production and development of crude oil. The company currently pays a quarterly dividend of $0.0625 per share, having raised it by 92% in February. The stock has a dividend yield of 6.65%, as of July 2.

In the first quarter of 2023, the stock has a dividend yield of $80.4 million, which showed a 17.1% growth from the same period last year.

At the end of Q1 2023, 15 hedge funds tracked by Insider Monkey reported having stakes in VAALCO Energy, Inc. (NYSE:EGY), worth collectively $35 million.