Historically, stocks that sell for less than $50 a share tend not to be an ideal pond to fish in for dividend growth investments. However,  the three businesses in this article are the exception to this hypothesis.

Consider Kroger (NYSE: KR) and Rollins (NYSE: ROL). Executing five 2-for-1 stock splits and eight 1.5-for-1 stock splits, respectively, the companies have low share prices despite posting total returns that have outpaced the S 500 index since the 1990s. Meanwhile, Kenvue (NYSE: KVUE) was recently spun off from healthcare behemoth Johnson Johnson, leaving the newly public company with a temporarily puny share price.

Thanks to these events, these three businesses may prove that great dividend stocks are available for less than $50 -- even if they are somewhat rare finds.

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Source Fool.com