5 Best Dividend Stocks Under $5

4. Pitney Bowes Inc. (NYSE:PBI)

Number of Hedge Fund Holders: 17
Share Price as of October 28: $3.06

Pitney Bowes Inc. (NYSE:PBI) is a global technology company that primarily specializes in providing various products and services related to mail and shipping. On August 3, the company declared a quarterly dividend of $0.05 per share, which was in line with its previous dividend. The stock’s dividend yield on October 28 came in at 6.54%.

As of the end of Q2 2023, 17 hedge funds in Insider Monkey’s database owned stakes in Pitney Bowes Inc. (NYSE:PBI), compared with 22 in the previous quarter. These stakes are collectively valued at over $22.3 million.

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