5 Best Dividend Stocks Under $20

In this article, we will discuss 5 best dividend stocks under $20. If you want to read our detailed analysis of dividend stocks and their returns in the past, go directly to read 11 Best Dividend Stocks Under $20. 

5. Arbor Realty Trust, Inc. (NYSE:ABR)

Share Price as of October 30: $13.83

Arbor Realty Trust, Inc. (NYSE:ABR) is an American real estate investment trust company that provides debt capital for the multifamily loan and commercial real estate industries. The company is one of the best dividend stocks on our list as it has been raising its dividends consistently for the past nine years. Currently, it pays a quarterly dividend of $0.39 per share and has a dividend yield of 11.28%, as of October 30.

In October, Morgan Stanley maintained an Overweight rating on Arbor Realty Trust, Inc. (NYSE:ABR) with a $15 price target. The firm noted that basic fundamentals of mortgage REITs seem to be stable in the third quarter.

At the end of June 2022, 12 hedge funds tracked by Insider Monkey reported owning stakes in Arbor Realty Trust, Inc. (NYSE:ABR), down from 14 in the previous quarter. These stakes hold a collective value of over $74.5 million. With 1.4 million shares, Balyasny Asset Management was one of the company’s leading stakeholders in Q2.