5 Cheap Dividend Stocks that Will Help You Retire Before 40

In this article, we will be taking a look at 10 cheap dividend stocks that will help you retire before 40. To read our detailed analysis of these stocks, you can go directly to see the 10 Cheap Dividend Stocks that Will Help You Retire Before 40.

5. Equitrans Midstream Corporation (NYSE: ETRN)

Number of Hedge Fund Holders: 27
Dividend Yield: 7.33%

Stock Price as of August 23: $8.20

Equitrans Midstream Corporation (NYSE: ETRN), an oil and gas storage and transportation company, owns, operates, acquires, and develops natural gas gathering, transmission, and storage, and water services assets. The company mainly functions in the Appalachian Basin and operates through its Gathering System, Transmission and Storage System, and Water Service System segments. It ranks 5th on our list of cheap dividend stocks that will help you retire before 40.

This June, Barclays raised its price target on shares of Equitrans Midstream Corporation (NYSE: ETRN) from $7 to $9.

In the second quarter of 2021, Equitrans Midstream Corporation (NYSE: ETRN) had an EPS of $0.13, missing estimates by $0.09. The company’s revenue was $358.3 million, up 2.26% year over year and beating estimates by $7.42 million. Equitrans Midstream Corporation (NYSE: ETRN) has gained 11.60% in the past 6 months and 5.68% year to date.

By the end of the second quarter of 2021, 27 hedge funds out of the 873 tracked by Insider Monkey held stakes in Equitrans Midstream Corporation (NYSE: ETRN) worth roughly $289 million. This is compared to 28 hedge funds in the previous quarter with a total stake value of approximately $361 million.