5 Cheap Dividend Stocks With High Yields

In this article, we discuss 5 cheap dividend stocks with high yields. If you want to read our detailed analysis of value stocks and their past performance, go directly to read 12 Cheap Dividend Stocks With High Yields. 

5. Medifast, Inc. (NYSE:MED)

P/E Ratio as of May 19: 7.23
Dividend Yield as of May 19: 7.21%

Medifast, Inc. (NYSE:MED) is a Maryland-based nutrition and weight loss company that sells and manufactures related products to its consumers. The company is one of the best dividend stocks on our list as it has raised its dividends every year since 2015. It currently pays a quarterly dividend of $1.65 per share for a dividend yield of 7.21%, as of May 19.

Following the company’s Q1 earnings and its low guidance for the next quarter, DA Davidson maintained a Neutral rating on Medifast, Inc. (NYSE:MED) in May.

As of the close of Q4 2022, 18 hedge funds in Insider Monkey’s database reported having stakes in Medifast, Inc. (NYSE:MED), the same as in the previous quarter. These stakes have a value of over $112.3 million collectively.