All those Investors who are seeking dividend stocks that are offering high yields usually find substantial income distributions and equities that are above the budget or the target price range of these investors. Income investors, however, could reach for equities which offer the same level of dividend stocks yield at a comparatively affordable price range. This is acknowledged by all investors that the dividend yields above average are a good beginning point for further analysis. Along with high level yields, these dividend stocks should comply with the performance criteria so that they will appear as portfolio-worthy choices of investors. There are present a number of cheap and quality dividends which do not possess the history of 25-years for increase in dividends. Therefore, in this article we have decided to concentrate on the Top 5 dividend stocks under $20 as shared by Insider Monkey.
On the basis of analysis by Insider Monkey, the company on 5th position is an energy company named Devon Energy Corporation. DVN is known as the leading independent natural gas and oil production and exploration company. At present, the firm is engaged in the production of 140,000 barrels of oil on a daily basis and the development opportunities of the company are showing high level growth. The per day natural gas production of DVN is around 575 million cubic feet while per natural gas liquids are around 80,000 barrels. The hedge funds showing the bullish behavior for this stock includes Holocene Advisors, Renaissance Technologies, D E Shaw, and Citadel Investment Group of Ken Griffin.
On 4th position in the list in Vistra Energy Corp. which is running its business activities in the electric power generation and retail business. The company is servicing around 5 million industrial retail, commercial, and residential customers with natural gas and electricity. VST is considered as the biggest firm providing residential electricity in the United States. Vistra is also the biggest power generator firm in the USA. Along with this, VST is the biggest buyer of wind power. The total hedge funds exposure towards the firm is more than $1.5 billion. The hedge funds which are bullish on this particular stock includes Oaktree Capital Management of Howard mark, Fortress Investment Group, and Renaissance Technologies of Jim Simons. Want to learn about more options under $20? Just go to 10 Best Dividend Stocks Under $20