5 Penny Stocks that Pay Dividends

1. U.S. Energy Corp. (NASDAQ:USEG)

Dividend Yield as of May 16: 2.15%

Price as of May 16: $4.19

Number of Hedge Fund Holders: 3

U.S. Energy Corp. (NASDAQ:USEG) is an American independent energy company, developing and acquiring oil and natural gas properties in the continental United States. The company posted its Q1 results on May 12, announcing a revenue of $8.87 million, up 633.1% year-over-year. 

On March 28, U.S. Energy Corp. (NASDAQ:USEG) declared a $0.0225 per share quarterly dividend. The dividend was paid to shareholders on May 2. U.S. Energy Corp. (NASDAQ:USEG)’s dividend yield on May 16 came in at 2.15%.

U.S. Energy Corp. (NASDAQ:USEG) announced on May 3 that it has acquired operational oil and gas producing properties in an all-cash transaction. The properties are based primarily in Liberty County, Texas, adjacent to its existing assets in the locality.

According to Insider Monkey’s Q4 data, 3 hedge funds were long U.S. Energy Corp. (NASDAQ:USEG), with combined stakes worth $235,000. In Q1 2022, Jim Simons’ Renaissance Technologies owned 385,290 shares of the company, worth $1.6 million. 

You can also take a look at 10 Best Gas Stocks To Buy Now and 10 Blue Chip Stocks with Dividends.

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