Here are 5 dividend-paying stocks under $10. Dividend-paying stocks can offer steady cash flow and price appreciation. If you are looking to add some income to you portfolio, then you may want to consider researching the following securities.
Generation Income Properties Inc. (GIPR)
The first security on our list is a REIT based in Florida. They acquire and manage retail, office, and industrial properties via shorter-term leases. The dividend on this security has fluctuated since inception, but analysts are expecting 4% sales growth in the coming year. Be mindful that this company has only been paying a dividend for a little over a year, but it is a monthly payer with a yield of just over 9% and a current share price of $5.05. This is probably the riskiest investment on the list.
Oxford Square Capital Corp. (OXSQ)
Oxford Square is a business development company paying a monthly dividend currently yielding 12.28%. The latest earning report from Oxford showed income of $11.4 million, up over 16% from the same period last year. The current share price is $3.42. The company has a 17-year history of paying dividends, but beware that there have been wild fluctuations in the payout over the years. The payouts are large when earnings are good but get cut when times get tough. This is a company to ease into or keep on your watchlist.
Equitrans Midstream Corporation (ETRN)
Equitrans is a pipeline and storage company operating in the Appalachian Valley. Their business model offers some shielding from volatile market conditions, and with a share price of $7.26, and a yield of 8.26%, they are worth a look. With raised sales guidance, falling debt, and ample cash on hand, the dividend seems to be safe for the foreseeable future.
New York Community Bancorp Inc. (NYCB)
New York Community Bancorp is a regional bank with over 240 branches and $60 billion in assets. The stock has a current share price of $9.83 with a dividend yield of 6.92%. NYCB has been paying a dividend for over 20 years. This is a solid add to any income seeking portfolio.
Hanesbrands Inc. (HBI)
Finishing out our list is Hanesbrands. This company is a marketer of innerwear and activewear apparel. Some of their main brands include Hanes, Champion, and Playtex. The current share price is $7.88 with a yield of 7.61%. The dividend has been consistently paid out for over a decade. While there hasn’t been an increase in the past 5 years, the payout has remained consistent every quarter. This could be a good income generator for your portfolio, and the lower priced entry point makes it affordable.
Wrapping Up
This is a list of 5 dividend-paying stocks under $10. Dividends can offer predictable and steady cash flow, especially in times of volatility. If you are looking for income at a low entry point, then these picks might be worth looking into.
Read Also:
3 Dividend Paying Stocks That are Under $5
How do you Manage Emotions When Trading Stocks?
Understanding the Power of Dividend Kings
Writer and Investor. Based in the Pittsburgh, PA area, Brian holds full-time employment as a Warehouse Manager for an electronics firm. Brian enjoys wealth building, investing, gardening and the great outdoors. Brian holds a B.A. in Environmental Studies from the University of Pittsburgh and an MBA from Robert Morris University.