5 Cheap Dividend Kings with Over 2% Yield

3. Northwest Natural Holding Company (NYSE: NWN)

Number of Hedge Fund Holders: 11
Dividend Yield: 3.7%
Number of Years of Consistent Dividend Increases: 65

Share Price as of August 24: $51.95

Northwest Natural Holding Company (NYSE: NWN) is a provider of regulated natural gas distribution services in the US. The company ranks 3rd on our list of cheap dividend stocks with over 2% yield.

Sarah Akers from Wells Fargo has also raised the price target on shares of Northwest Natural Holding Company (NYSE: NWN) from $49 to $58, as of this May. The analyst holds an Equal Weight rating on the shares as well.

In the second quarter of 2021, Northwest Natural Holding Company (NYSE: NWN) had an EPS of -$0.02, beating estimates by $0.12. The company’s revenue was $148.92 million, up 10.33% year over year and beating estimates by $6.28 million. Northwest Natural Holding Company (NYSE: NWN) has gained 5.07% in the past 6 months and 13.12% year to date.

By the end of the second quarter of 2021, 11 hedge funds out of the 873 tracked by Insider Monkey held stakes in Northwest Natural Holding Company (NYSE: NWN) worth roughly $14.2 million. This is compared to 10 hedge funds in the previous quarter with a total stake value of approximately $28.4 million.