Redditors Recommend These 5 Dividend Stocks for College Students

2. Kellogg Company (NYSE:K)

Dividend Yield as of August 16: 3.01%

Kellogg Company (NYSE:K) is an American multinational food manufacturing company. The stock is relatively cheap, trading at $75.6 per share, which makes it a good investment for students.

In Q2 2022, Kellogg Company (NYSE:K) generated $349 million in free cash flow, up from $189 million in the previous quarter. The company’s operating cash flow came in at $478 million, growing from $327 million in the preceding quarter. During the quarter, it paid over $394 million in dividends to shareholders.

On July 29, Kellogg Company (NYSE:K) hiked its quarterly dividend by 2% to $0.59 per share. This was the company’s 18th consecutive year of dividend growth. As of August 16, the stock’s dividend yield came in at 3.01%.

At the end of Q1 2022, 22 hedge funds tracked by Insider Monkey reported owning stakes in Kellogg Company (NYSE:K), down from 31 in the previous quarter. The collective value of these stakes is over $382.8 million, compared with $350.7 million worth of stakes owned by hedge funds in the previous quarter.