5 Best Dividend Stocks with High Upside Potential

3. Cable One, Inc. (NYSE:CABO)

Upside Potential as of April 15: 58.2%

Cable One, Inc. (NYSE:CABO) is next on our list of the best dividend stocks to buy now. The Arizona-based cable television company declared a quarterly dividend of $2.95 per share, which fell in line with its previous dividend. Overall, the company has grown its dividends for nine years in a row. The stock has a dividend yield of 3.03%, as of April 15.

The number of hedge funds tracked by Insider Monkey owning stakes in Cable One, Inc. (NYSE:CABO) grew to 28 in Q4 2023, from 25 in the preceding quarter. The overall value of these stakes is more than $211 million.

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