5 Cheap DRIP Stocks To Buy Now

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In this article, we discuss 5 cheap DRIP stocks to buy. If you want to read our detailed analysis of dividend reinvestments and returns of dividend stocks over the years, go directly to read 13 Cheap DRIP Stocks To Buy Now

5. Aflac Incorporated (NYSE:AFL)

P/E Ratio as of January 25: 9.29
Share Price as of January 25: $72.39

Aflac Incorporated (NYSE:AFL) is a Georgia-based insurance company that provides supplemental insurance and related services to its consumers. The stock is trading at a share price of $72.39, as of January 25, and has a P/E ratio of 9.29. It is among the cheap DRIP stocks on our list.

Appreciating the company’s capital optimization, Piper Sandler raised its price target on Aflac Incorporated (NYSE:AFL) in November to $80 with an Overweight rating on the shares.

Aflac Incorporated (NYSE:AFL) offers a per-share dividend of $0.42 every quarter with a dividend yield of 2.32%, as of January 25. The company maintains a 40-year streak of continuous dividend growth.

As of the close of Q3 2022, 34 hedge funds in Insider Monkey’s database reported owning stakes in Aflac Incorporated (NYSE:AFL), up from 32 in the previous quarter. These stakes are collectively valued at nearly $380 million.

Follow Aflac Inc (NYSE:AFL)


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