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.
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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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3. ACCO Brands Corporation (NYSE:ACCO)
Number of Hedge Fund Holders: 21
Share Price as of October 30: $4.89
ACCO Brands Corporation (NYSE:ACCO) is an American manufacturing company that offers a wide range of office and school supplies, organizational products, and various solutions for the workplace and educational environments. On October 27, the company declared a quarterly dividend of $0.075 per share, which was in line with its previous dividend. Its dividend growth streak stands at four years. The stock has a dividend yield of 6.13%, as of October 30.
The number of hedge funds in Insider Monkey’s database owning stakes in ACCO Brands Corporation (NYSE:ACCO) jumped to 21 in Q2 2023, from 16 in the previous quarter. These stakes have a total value of over $38.6 million.
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2. Huntington Bancshares Incorporated (NASDAQ:HBAN)
Number of Hedge Fund Holders: 30
Share Price as of October 30: $9.44
Huntington Bancshares Incorporated (NASDAQ:HBAN) is an Ohio-based regional bank holding company. The company currently pays a quarterly dividend of $0.155 per share and has a dividend yield of 6.57%, as of October 30. The company has been making regular dividend payments to shareholders since 1989, which makes HBAN one of the best dividend stocks under $20.
Huntington Bancshares Incorporated (NASDAQ:HBAN) was a part of 30 hedge fund portfolios at the end of Q2 2023, compared with 31 in the previous quarter. The consolidated value of these stakes is more than $448.5 million.
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1. Kinder Morgan, Inc. (NYSE:KMI)
Number of Hedge Fund Holders: 36
Share Price as of October 30: $16.37
Kinder Morgan, Inc. (NYSE:KMI) tops our list of the best dividend stocks under $20. The American infrastructure company pays a quarterly dividend of $0.2825 per share for a dividend yield of 6.95%, as of October 30. The company has been rewarding shareholders with growing dividends for the past six years.
As of the end of the June quarter of 2023, 36 hedge funds tracked by Insider Monkey reported having stakes in Kinder Morgan Inc. (NYSE:KMI), up from 35 in the previous quarter. The collective value of these stakes is nearly $891 million.
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You can also take a look at Long Term Returns of ValueAct Capital’s Activist Targets and 12 Best Penny Stocks to Buy Under $1
