5 Best Dividend Stocks Under $50

In this article, we discuss 5 best dividend stocks under $50. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 12 Best Dividend Stocks Under $50. 

5. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 61
Share Price as of January 26: $42.4

Verizon Communications Inc. (NYSE:VZ) is an American telecommunications company that is a major player in the wireless telecommunications industry, providing cellular services to individual consumers, businesses, and government entities. The company offers a quarterly dividend of $0.665 per share and has a dividend yield of 6.27%, as of January 28. In 2023, it achieved its 17th consecutive annual dividend increase, which makes VZ one of the best dividend stocks under $50.

The number of hedge funds in Insider Monkey’s database owning stakes in Verizon Communications Inc. (NYSE:VZ) grew to 61 in Q3 2023, from 53 a quarter earlier. The collective value of stakes owned by these hedge funds is roughly $1.4 billion.