5 Best Dividend Stocks Under $20

In this article, we discuss 5 best dividend stocks under $20. If you want to read our detailed analysis of dividend stocks and their performance in the past, go directly to read 12 Best Dividend Stocks Under $20. 

5. Mueller Water Products, Inc. (NYSE:MWA)

Number of Hedge Fund Holders: 13
Share Price as of October 30: $12.48

Mueller Water Products, Inc. (NYSE:MWA) is a Georgia-based company that specializes in providing water infrastructure products and services. On October 24, the company declared a 4.9% hike in its quarterly dividend to $0.064 per share. The company has raised its payouts every year since 2013, which makes MWA one of the best dividend stocks on our list. In addition to this, the company has a 19-year run of paying regular dividends to shareholders. The stock’s dividend yield on October 30 came in at 2.05%.

At the end of June 2023, 13 hedge funds in Insider Monkey’s database owned stakes in Mueller Water Products, Inc. (NYSE:MWA), worth collectively over $377.5 million. With over 13.2 million shares, Impax Asset Management was the company’s leading stakeholder in Q2.