5 Best High Dividend Stocks Under $50

In this article, we discuss the 5 best high dividend stocks under $50. If you want to read our detailed analysis of dividend stocks and their returns, go directly to read the 11 Best High Dividend Stocks Under $50.

5. Enterprise Products Partners L.P. (NYSE:EPD)

Number of Hedge Fund Holders: 28
Dividend Yield: 7.49%
Share Price as of October 14: $24.16

Gabriel Moreen of Mizuho recently noted that Enterprise Products Partners L.P. (NYSE:EPD), an American natural gas and crude oil pipeline company, is well-posed to benefit from a growth in crude oil prices. The firm lifted its price target on the stock to $29, while maintaining a Buy rating on the shares. The company stands fifth on our list of the best high dividend stocks under $50.

Enterprise Products Partners L.P. (NYSE:EPD) pays an annual dividend of $1.80 per share, yielding 7.49%. The company has increased its dividend by 6.7% in the past three years.

Of the 873 elite funds tracked by Insider Monkey, 28 hedge funds were bullish on Enterprise Products Partners L.P. (NYSE:EPD) in Q2 2021, compared with 26 in the previous quarter. These stakes have a value of over $246 million.

ClearBridge Investments mentioned Enterprise Products Partners L.P. (NYSE:EPD) in its Q1 2021 investor letter. Here is what the firm has to say:

“While reducing in health care and consumer staples, we increased our exposure to high-quality names in economically sensitive areas of the market. We added to low-cost, high-quality energy names (including) Enterprise Products Partners LP. We are positive on this company’s strong balance sheets, competitive positions and exposure to an economic recovery.”