5 Cheap Dividend Stocks with High Yields

4. Washington Trust Bancorp, Inc. (NASDAQ:WASH)

P/E Ratio as of December 7: 9.66
Dividend Yield as of December 7: 7.70%

Washington Trust Bancorp, Inc. (NASDAQ:WASH) is an American bank holding company that provides a range of financial services, including commercial banking, wealth management, investment management, and trust services. It is one of the best dividend stocks on our list as the company maintains a 12-year streak of consistent dividend growth. The company offers a quarterly dividend of $0.56 per share and has a dividend yield of 7.70%, as of December 7.

At the end of the third quarter of 2023, 7 hedge funds tracked by Insider Monkey reported holding stakes in Washington Trust Bancorp, Inc. (NASDAQ:WASH), up from 6 in the preceding quarter. The overall value of these stakes is roughly $19 million.

Follow Washington Trust Bancorp Inc