5 Cheap DRIP Stocks To Buy Now

3. Citigroup Inc. (NYSE:C)

P/E Ratio as of December 21: 7.98
Share Price as of December 21: $50.3

Citigroup Inc. (NYSE:C) is a global financial services company that operates in various segments of the banking and financial industry, providing a wide range of financial products and services to its consumers. The company pays a quarterly dividend of $0.53 per share and has a dividend yield of 4.19%, as of December 21. It is one of the best DRIP stocks to own as the company has been making regular dividend payments since 1990.

Of the 910 hedge funds in Insider Monkey’s database at the end of Q3 2023, 79 funds owned stakes in Citigroup Inc. (NYSE:C), up from 75 in the previous quarter. The consolidated value of these stakes is nearly $7 billion.

Follow Citigroup Inc (NYSE:C)