5 Cheap Blue-Chip Dividend Stocks to Invest In

In this article, we will be taking a look at 5 cheap blue-chip dividend stocks to invest in. To read our detailed analysis of dividend investing, you can go directly to see the 10 Cheap Blue-Chip Dividend Stocks to Invest In.

5. KeyCorp (NYSE: KEY)

Number of Hedge Fund Holders: 40
Dividend Yield: 3.62%

Share Price as of August 25: $20.41

KeyCorp (NYSE: KEY), the holding company for KeyBank National Association, operates through its Consumer Bank and Commercial Bank segments to provide retail and commercial banking products and services in the US. The company ranks 5th on our list of cheap blue-chip dividend stocks to invest in.

As of this July, Keefe Bruyette’s David Konrad holds a Market Perform rating on shares of KeyCorp (NYSE: KEY), alongside a $21 price target.

In the second quarter of 2021, KeyCorp (NYSE: KEY) had an EPS of $0,72, beating estimates by $0.18. The company’s revenue was $1.77 billion, up 3.26% year over year and beating estimates by $40.52 million. KeyCorp (NYSE: KEY) has gained 25.29% year to date and 63.15% in the past year.

By the end of the second quarter of 2021, 40 hedge funds out of the 873 tracked by Insider Monkey held stakes in KeyCorp (NYSE: KEY) worth roughly $443 million. This is compared to 41 hedge funds in the previous quarter with a total stake value of approximately $565 million.