5 Best Dividend Stocks Under $50 According to Hedge Funds

4. Comcast Corporation (NASDAQ:CMCSA)

Share Price as of August 30: $35.9
Number of Hedge Fund Holders: 75

An American multinational telecommunications company, Comcast Corporation (NASDAQ:CMCSA) was a part of 75 hedge fund portfolios in Q2 2022, according to Insider Monkey’s data. The stakes owned by these hedge funds hold a total value of nearly $5.4 billion.

Comcast Corporation (NASDAQ:CMCSA) has been raising its dividends consistently for the past 14 years. It currently pays a quarterly dividend of $0.27 per share and has a yield of 3.02%, as recorded on August 30.

In Q2 2022, Comcast Corporation (NASDAQ:CMCSA) generated $3.1 billion in free cash flow while its cash from operations came in at over $6.3 billion. The company returned $4.2 billion to shareholders during the quarter, with dividend payments amounting to over $1.2 billion. Moreover, it had over $6.8 billion available in cash and cash equivalents at the end of the quarter. The company’s stable cash generation shows that it is well-positioned to maintain its dividends in the future.

ClearBridge Investments mentioned Comcast Corporation (NASDAQ:CMCSA) in its Q4 2021 investor letter. Here is what the firm had to say:

“Weakness among our holdings in the communication services sector was the other detractor to performance. Comcast was hurt by tepid subscriber growth in its broadband business but demonstrated strong growth in free cash flow, positioning the company for accelerated capital return going forward.”