Dividend-paying stocks are popular among investors because they provide a steady stream of income. Since 1970, dividend income has accounted for 84 percent of the S&P 500’s returns. Dividend income contributed an average of 41% to total return from 1930 to 2020, according to a report issued by Hartford Funds. In the second quarter of 2020, dividends fell by $382.2 billion. However, following the epidemic, 84 percent of firms increased their payouts. Dividends are predicted to reach $1.4 trillion in 2021, up 26% from the second quarter.
Insider Monkey analyzes the list of the best dividend-paying stocks under $20. On the list of the best dividend-paying companies under $20, Investors Bancorp, Inc. is ranked ninth. It is a bank and a holding company based in the United States that offers financial services to its customers. The corporation pays a $0.56 per share yearly dividend, yielding 3.6 percent. First Horizon Corporation ranks eighth. It is a bank holding company based in the United States that offers financial services to its customers. First Horizon Corporation reported $0.58 EPS in the second quarter of 2021, above expectations by a wide margin. KT Corporation is South Korea’s largest telecommunications firm. On the list of the best dividend-paying stocks under $20, it ranks tenth. KT Corporation reported sales of KRW6.02 T in the second quarter of 2021, up 2.6 percent from the previous quarter. Physicians Realty Trust declared a $0.23 per share quarterly dividend, unchanged from the previous quarter, yielding 5.10 percent. The dividend payout ratio for the corporation was 87.62 percent. Physicians Realty Trust has returned 7.52 percent to stockholders since the beginning of the year. Hennessy Advisors, Inc. is ranked seventh. The board of directors declared a $0.1375 per share quarterly dividend, yielding 5.49 percent. For more details, click 11 Best Dividend-Paying Stocks Under $20.
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