5 Best Dividend Stocks Under $30

4. Enterprise Products Partners L.P. (NYSE:EPD)

Number of Hedge Fund Holders: 26
Share Price as of July 25: $27.05

Enterprise Products Partners L.P. (NYSE:EPD) is next on our list of the best dividend stocks under $30. The American midstream natural gas and crude oil company has been raising its dividends consistently for the past 24 years. It currently pays a quarterly dividend of $0.50 per share and has a dividend yield of 7.37%, as recorded on July 25.

Enterprise Products Partners L.P. (NYSE:EPD)’s cash generation remained strong in the 12 months ending March 2023. During this period, the company generated over $6 billion in free cash flow and distributed 75% of it to its shareholders through dividends.

As of the close of Q1 2023, 26 hedge funds in Insider Monkey’s database presented a bullish stance on Enterprise Products Partners L.P. (NYSE:EPD), up from 24 in the previous quarter. The total value of stakes owned by these funds is over $254 million.

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