5 Best Dividend Stocks Under $20

4. Manulife Financial Corporation (NYSE:MFC)

Number of Hedge Fund Holders: 18
Share Price as of October 30: $17.19

Manulife Financial Corporation (NYSE:MFC) is a Canadian multinational financial services company that offers a wide range of financial products and services to individuals, businesses, and institutional clients. The company has been raising its dividends consistently for the past 10 years, which makes MFC one of the best dividend stocks on our list. As of October 30, the stock has a dividend yield of 6.29%.

The number of hedge funds owning positions in Manulife Financial Corporation (NYSE:MFC) grew to 18 in Q2 2023, from 15 in the previous quarter, according to Insider Monkey’s database. These stakes are collectively worth over $96 million. Among these hedge funds, Galibier Capital Management was the company’s largest stakeholder in Q2.

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