5 Cheap Dividend Stocks With High Yields

3. Peoples Bancorp Inc. (NASDAQ:PEBO)

P/E Ratio as of May 19: 6.89
Dividend Yield as of May 19: 6.12%

Peoples Bancorp Inc. (NASDAQ:PEBO) is an American bank holding company, based in Ohio. Janney Montogomery initiated its coverage on the stock in April with a Neutral rating and a $28 price target. The firm highlighted the company’s strong fundamental performance and growth in its franchises.

On April 25, Peoples Bancorp Inc. (NASDAQ:PEBO) grew its quarterly dividend by 3% to $0.39 per share. Through this increase, the company stretched its dividend growth streak to nine years. The stock has a dividend yield of 6.12%, as of May 19.

Insider Monkey’s database shows that 14 hedge funds owned stakes in Peoples Bancorp Inc. (NASDAQ:PEBO) in Q4 2022, compared with 13 in the previous quarter. These stakes have a consolidated value of roughly $21.8 million.

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