5 Best Dividend Stocks Under $5

4. Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Share Price as of October 27: $3.31

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) is a Turkish leading mobile phone operator with millions of subscribers. In August, JPMorgan raised its price target on the stock to TRY 22.55 with a Neutral rating on the shares, highlighting the growth in the company’s customer base.

On July 25, Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) declared a quarterly dividend of $0.058 per share, in line with its previous dividend. The company has been making continuous dividend payments since 2004, coming through as one of the best dividend stocks. As of October 27, the stock has a dividend yield of 9%.

As of the close of Q2 2022, 7 hedge funds in Insider Monkey’s database owned stakes in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC), up from 6 in the previous quarter. These stakes have a consolidated value of over $35.4 million, compared with $19 million worth of stakes owned by hedge funds in the previous quarter.