5 Best Low-Priced Dividend Stocks to Buy

In this article, we discuss 5 best low-priced dividend stocks to buy. If you want to read our detailed analysis of dividend stocks and their performance over the past years, go directly to read 12 Best Low-Priced Dividend Stocks To Buy.

5. Intel Corporation (NASDAQ:INTC)

Share Price as of January 23: $30.19
P/E Ratio as of January 23: 9.37

Intel Corporation (NASDAQ:INTC) is a California-based multinational tech company that specializes in cloud computing and data centers. The stock is currently trading at $30.19 per share and has a P/E ratio of 9.37, which makes it one of the best low-priced dividend stocks on our list.

Intel Corporation (NASDAQ:INTC) currently pays a quarterly dividend of $0.365 per share and has a dividend yield of 4.82%, as of January 23. The company has been raising its dividends for the past seven years and has paid dividends for 28 years straight.

In January, Truist presented a positive stance on the semiconductor and AI sectors. In view of this, the firm raised its price target on Intel Corporation (NASDAQ:INTC) to $33 with a Hold rating on the shares.

As of the end of the September quarter, 69 hedge funds owned stakes in Intel Corporation (NASDAQ:INTC), up from 65 in the previous quarter. These stakes have a total value of roughly $2 billion. With over 15 million shares, Two Sigma Advisors was one of the company’s leading stakeholders in Q3.

ClearBridge Investments mentioned Intel Corporation (NASDAQ:INTC) in its Q3 2022 investor letter. Here is what the firm has to say:

“Also on the detractor side, Intel Corporation (NASDAQ:INTC) delivered a disappointing revenue miss and lowered full-year revenue and earnings guidance as COVID-19-driven demand for PCs abated (where Intel enjoys half its sales) and a delay in its flagship Sapphire Rapids CPU hurt its data center business. Despite these issues, we still believe Intel is an economically sensitive turnaround story with substantial upside.”