5 Cheap High Dividend Stocks To Buy Right Now

In this article, we discuss 5 cheap high dividend stocks to buy right now. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 12 Cheap High Dividend Stocks To Buy Right Now. 

5. Altria Group, Inc. (NYSE:MO)

P/E Ratio as of November 11: 8.17
Dividend Yield as of November 11: 9.80%

Altria Group, Inc. (NYSE:MO) is a major American corporation primarily engaged in the tobacco and related industries. The company’s primary focus is on manufacturing and selling cigarettes under well-known brand names such as Marlboro, Virginia Slims, and Parliament. It currently pays a quarterly dividend of $0.98 per share and has a dividend yield of 9.80%, as recorded on November 11. With a dividend growth streak of 54 years, MO is one of the best dividend stocks on our list.

At the end of Q2 2023, 43 hedge funds tracked by Insider Monkey reported having stakes in Altria Group, Inc. (NYSE:MO), down from 49 in the previous quarter. The collective value of these stakes is over $446.2 million.