Investing in dividend stocks can be a great option, so keep up reading and lest’s check out Insider Monkey’s latest list of the best dividend paying stocks to buy under $50. Stock market is generally unstable, therefore dividends can pay out until the market gets steady again. Consequently, a stable dividend stream can balance out your portfolio in tough times, we are living in currently. If we take a company, like Stanley Black & Decker, that has paid dividends since the civil war ended. Since 1876 it has paid dividends no matter how the market has been performing. So we can see that these dividends are able to survive many economical crises.
And now, without a further ado, let’s check out what Insider Monkey has investigated for us. On the fourth spot, we can find Pfizer Inc. (NYSE: PFE) with 66 hedge funds, $2.12 billion of total hedge fund holdings, 3.70% of dividend yield and $42.12 of price. Pfizer has made a great hit, as in the early of November 2020 it announced to have developed a very promising vaccine against COVID-19 coronavirus. Therefore it has a lot of media attention currently. Yet, its hedge fund investor interest has been pretty flat at 66 portfolios, and the same was the the second quarter. Pfizer has started to distribute the vaccine in many countries across the world. Pfizer stock was among the first one that Warren Buffet’s Berkshire Hathaway for Q3. Berkshire bought 3.91 million PFE shares during Q3, building an ownership stake valued at over $136 million as of September 30. Up on the list, Bank of America Corp (NYSE: BAC) stands on the second spot, with 88 hedge funds, $26.63 billion of total hedge fund holdings, 2.52% of dividend yield and $28.57 of price. Bank of America reported a net income o $4.9 billion in the third quarter. For more useful information, please jump to the best dividend paying stocks to buy under $50.
