5 Best Dividend Stocks Under $50

4. CSX Corporation (NASDAQ:CSX)

Number of Hedge Fund Holders: 62
Share Price as of January 26: $35.3

CSX Corporation (NASDAQ:CSX) is an American transportation and logistics company, based in Florida. The company’s dividend growth streak currently spans over 18 years and it offers a quarterly dividend of $0.11 per share. The stock’s dividend yield on January 28 came in at 1.24%.

As per Insider Monkey’s database of Q3 2023, 62 hedge funds held stakes in CSX Corporation (NASDAQ:CSX), compared with 64 in the previous quarter. The overall value of these stakes is more than $3.8 billion. With roughly $43 million shares, Soroban Capital Partners was the company’s leading stakeholder in Q3.

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