5 Cheap DRIP Stocks To Buy Now

2. Shell plc (NYSE:SHEL)

P/E Ratio as of December 21: 7.77
Share Price as of December 21: $65.38

Shell plc (NYSE:SHEL) is a multinational energy company primarily engaged in various aspects of the oil and gas industry. The company offers a quarterly dividend of $0.662 per ADS and has a dividend yield of 3.77%, as of December 21. It is one of the best cheap DRIP stocks to own as the stock has a P/E ratio of 7.77.

The number of hedge funds tracked by Insider Monkey owning stakes in Shell plc (NYSE:SHEL) grew to 49 in Q3 2023, from 43 in the previous quarter. The collective value of these stakes is over $3.26 billion. Among these hedge funds, Fisher Asset Management was the company’s leading stakeholder in Q3.

Follow Shell Plc