Top 40 Cheap Dividend Stocks Under $10 for High Returns

Looking for investment opportunities that won’t drain your wallet? Say hello to your go-to guide: Top 45 Cheap Dividend Stocks Under $10 for High Returns.  As you stand on the threshold of potential financial growth, a question arises: 

Can these affordable stocks truly yield impressive dividends?

Let’s demystify the notion. Imagine this: a portfolio that generates consistent dividends while keeping your initial investment intact. Intrigued? We thought so.

Unearthing hidden investment treasures is a shared aspiration. The allure of stocks with high potential is undeniable, especially when cost-effective. But how do you pinpoint these overlooked gems? Embark on this journey with us to explore the 45 meticulously chosen cheap dividend stocks under $10. A journey that might just redefine your investment approach.

Best Cheap Dividend Stocks under $10

1. Lloyds Banking Group

  • Dividend yield (FWD): 5.93%
  • Payout ratio: 29.21

Get ready to set sail with Lloyds Banking Group, a stalwart in the financial sector that has been weathering market storms for years. With a stock price comfortably below the $10 mark, Lloyds presents an intriguing opportunity for investors seeking both dividends and stability. 

As one of the UK’s largest retail banks, Lloyds boasts a strong track record of offering dividends, reflecting its resilience and commitment to shareholder value.

2. Vodafone Group

  • Dividend yield (FWD): 10.47%
  • Payout ratio: 21.08%

Step into the world of telecommunications with Vodafone Group, a company that connects more than just calls. With a stock price under the $10 threshold, Vodafone’s position as a major player in the communication industry adds an extra layer of intrigue. 

As technology continues to reshape the way we connect, Vodafone’s dividends and growth prospects offer an enticing opportunity to align your portfolio with a changing world.

3. Telefonica

  • Dividend yield (FWD): 8.40%
  • Payout ratio: 115.49%

Dial into dividends with Telefonica, a Spanish multinational giant that spans across Europe and Latin America. As the digital landscape evolves, Telefonica adapts its services, making it a relevant contender in today’s tech-driven world. 

With a stock price within reach, this company’s history of dividend payments and its efforts to remain at the forefront of technological shifts might just hold the key to enhancing your investment strategy.

4. Aegon

  • Dividend yield (FWD): 5.59%
  • Payout ratio: N/A

Prepare to secure your financial future with Aegon, a global insurance and asset management company. Aegon’s stock price falls comfortably in the desired range, making it an accessible option for investors seeking dividends with a touch of financial security. 

As the company navigates the insurance landscape, its ability to generate dividends provides an intriguing proposition for those looking to infuse stability into their portfolio.

5. Equitrans Midstream

  • Dividend yield (FWD): 6.02%
  • Payout ratio: N/A

Nestled at the crossroads of energy infrastructure, Equitrans Midstream beckons with its resilient dividend yield. Amidst the ebb and flow of oil markets, Equitrans stands sturdy, maintaining its commitment to shareholders. 

With a diversified portfolio and strategic assets, this stock demonstrates an ability to weather industry fluctuations while continuing to offer attractive dividends.

6. Uniti Group Inc

  • Dividend yield (FWD): 10.62%
  • Payout ratio: N/A

In the realm of real estate investment trusts (REITs), Uniti Group Inc shines as a beacon of consistency. Operating in the telecommunications and network infrastructure sector, Uniti Group boasts a dependable income stream. 

Its innovative approach to technology infrastructure positions it uniquely for growth, while the affordable stock price places it squarely within the “under $10” category, making it an enticing prospect for investors seeking both value and future potential.

7. Riverview Bancorp

  • Dividend yield (FWD): 4.12%
  • Payout ratio: 24%

Tapping into the financial pulse of the Pacific Northwest, Riverview Bancorp commands attention with its community-centric approach to banking. This regional player exhibits a dedication to fostering relationships and driving economic growth within its local sphere. 

A history of consistent dividends underscores its stability, while an affordable stock price aligns with the very essence of this blog’s theme. For those seeking a blend of local impact and financial potential, Riverview Bancorp stands tall among the options.

8. Brookline Bancorp

  • Dividend yield (FWD): 5.54%
  • Payout ratio: 48.20%

As a community-focused financial institution, Brookline Bancorp taps into the pulse of local economies. Its commitment to personalized banking experiences and a history of prudent lending practices radiate reliability. 

With an accessible stock price, this bank holding company offers investors a chance to partake in its community-driven success story, blending dividends with a touch of localized financial empowerment.

9. VAALCO Energy

  • Dividend yield (FWD): 4.96%
  • Payout ratio: 51.35% 

Embark on an energy exploration with VAALCO Energy, an independent oil and gas company with international operations. Their focus on offshore drilling and production weaves a tale of resilience in a fluctuating market. 

With a stock price below the $10 threshold, VAALCO beckons adventurous investors seeking dividends and potential upside in the energy sector.

10. ACCO Brands Corporation

  • Dividend yield (FWD): 5.49%
  • Payout ratio: N/A

From notebooks to office essentials, ACCO Brands Corporation shapes how we organize our workspaces. Its wide-ranging portfolio of branded products reflects stability and consumer relevance. 

As the world shifts toward flexible work arrangements, ACCO’s offerings remain evergreen. With an affordable stock price, this corporation offers a blend of dividends and the potential to tap into the evolving nature of modern work.

11. Medical Properties Trust

• Dividend yield (FWD): 14.85
• Payout ratio: 1,054.55%

12. Amcor

• Dividend yield (FWD): 5.21%
• Payout ratio: 74.16%

13. Sirius XM Holdings

• Dividend yield (FWD): 2.04%
• Payout ratio: 31.52%

14. Algonquin Power & Utilities

  • Dividend yield (FWD): 6.02%
  • Payout ratio: N/A

15.Barings BDC

  • Dividend yield (FWD): 11.26%
  • Payout ratio: 118.07%

16. Tricon Residential

  • Dividend yield (FWD): 2.78%
  • Payout ratio: 105.45%

17. PHX Minerals

  • Dividend yield (FWD): 2.66%
  • Payout ratio: 11.02%

18. Ares Commercial Real Estate

  • Dividend yield (FWD): 13.65%
  • Payout ratio: N/A

19. BrightSpire Capital

  • Dividend yield (FWD): 12.12%
  • Payout ratio: N/A

20. PennantPark Investment Corporation

  • Dividend yield (FWD): 11.45%
  • Payout ratio: N/A

21. Armour Residential REIT 

  • Dividend yield (FWD): 19.92%
  • Payout ratio: N/A

22. Brandywine Realty Trust 

  • Dividend yield (FWD): 16.10%
  • Payout ratio: 542.86%

23 Chimera Investment Corporation

  • Dividend yield (FWD): 12.93%
  • Payout ratio: N/A

24. Medical Properties Trust

  • Dividend yield (FWD): 14.85%
  • Payout ratio: 1,054.55%

25. Apollo Commercial Real Estate Finance

  • Dividend yield (FWD): 13.53%
  • Payout ratio: 168.67%

26. PermRock Royalty Trust 

  • Dividend yield (FWD): 12.47%
  • Payout ratio: 100%

27. Ares Commercial Real Estate Corporation 

  • Dividend yield (FWD): 13.65%
  • Payout ratio: N/A

28. AGNC Investment Corporation

  • Dividend yield (FWD): N/A
  • Payout ratio: N/A

29. Piedmont Office Realty Trust

  • Dividend yield (FWD): 7.46%
  • Payout ratio: 121.74%

30. Prospect Capital

  • Dividend yield (FWD): 11.39%
  • Payout ratio: N/A

31. Ladder Capital 

  • Dividend yield (FWD): 8.65%
  • Payout ratio: 82.88%

32. Gladstone Capital

  • Dividend yield (FWD): N/A
  • Payout ratio: N/A

33. Global Medical REIT

  • Dividend yield (FWD): 8.84%
  • Payout ratio: 262.50%

34. Kronos Worldwide

  • Dividend yield (FWD): 8.49%
  • Payout ratio: N/A

35. Telephone & Data Systems

  • Dividend yield (FWD): N/A
  • Payout ratio: N/A

36. Macerich

  • Dividend yield (FWD): 5.39%
  • Payout ratio: N/A

37. The Gap

  • Dividend yield (FWD): 5.63%
  • Payout ratio: N/A

38. Clipper Realty

  • Dividend yield (FWD): 6.22%
  • Payout ratio: N/A

39. RPT Realty

  • Dividend yield (FWD): 5.59%
  • Payout ratio: 71.05%

40. Whitestone REIT

  • Dividend yield (FWD): 4.69%
  • Payout ratio: 61.54%

Are Cheap Dividend Stocks Under $10 a Good Investment? 

This question underscores the core of every discerning investor’s dilemma. While the allure of affordable stocks with dividends is undeniable, the answer demands a nuanced consideration. The low price point can offer entry to a diversified portfolio without substantial upfront investment, catering to those with limited funds. 

However, it’s vital to remember that stock prices alone don’t define a company’s potential. Thorough research into the company’s financial health, growth prospects, and dividend sustainability is essential. Some gems may lie beneath the $10 mark, while others might carry higher risks. Ultimately, the key lies in striking a balance between value and potential. 

Factors to Consider when Investing in Cheap Dividend Stocks Under $10

As you embark on your journey into the realm of affordable dividend stocks, a prudent approach involves considering several crucial factors. Company Stability and Financials: Before diving in, scrutinize the company’s financial health. Evaluate key metrics such as debt levels, revenue trends, and profitability. A stable foundation is essential for a company to sustain its dividend payouts over time.

Dividend Yield and Payout Ratio: A high dividend yield can be enticing, but it’s crucial to assess its sustainability. The dividend payout ratio, which compares dividends to earnings, offers insights into whether a company can comfortably maintain its payouts. A ratio that’s too high might indicate an unsustainable situation.

Growth Potential: Beyond the allure of dividends, consider the company’s growth prospects. Is it adapting to changing market dynamics? Does it have a competitive edge? An affordable stock might offer hidden growth potential, enhancing your overall returns.

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