5 Growing Dividend Stocks with Low PE Ratios

In this article, we discuss 16 growing dividend stocks with low P/E ratios. If you want to read our detailed analysis of dividend stocks and their performance, go directly to read 16 Growing Dividend Stocks with Low PE Ratios. 

5. Diamondback Energy, Inc. (NASDAQ:FANG)

5-Year Average Annual Revenue Growth Rate: 37.25%
Forward P/E Ratio as of August 11: 8.49

Diamondback Energy, Inc. (NASDAQ:FANG) is a Texas-based energy company that is engaged in the exploration of hydrocarbon. On August 1, the company announced a 5% hike in its quarterly dividend to $0.84 per share. The company has a strong history of paying and raising its dividends. As of August 11, the stock has a dividend yield of 4.60%.

In the past five years, Diamondback Energy, Inc. (NASDAQ:FANG)’s revenue has grown at an annual average rate of 37.25%. The stock has a forward P/E ratio of 8.49, as of August 11.

At the end of March 2023, 45 hedge funds in Insider Monkey’s database reported having stakes in Diamondback Energy, Inc. (NASDAQ:FANG), worth collectively $1.1 billion.