Investing in dividend stocks can be a great way to build long-term wealth and generate passive income. Veins are divided into shares that pay a portion of their pay to their shareholders across the line, usually quarterly. There are many options available to investors looking for dividend stocks with low share prices. In this article, some of the best dividend stocks are under $10.
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New Residential Investment Corp.
New Residential Investments Corp. Investments is a real estate trust (REIT) that specializes in residential mortgages. The company pays a quarterly dividend of $0.20 per share, which translates into an annualized yield of 9.4%. Despite the challenges posed by the pandemic, New Residential was able to maintain a strong financial position and continue to pay dividends to shareholders.
AT&T Inc.
AT&T is a telecommunications company that pays a quarterly dividend of $0.52 per share, which translates to an annual yield of 7.3%. The company has a long history of dividend payments and has been able to maintain its dividend payouts even during economic times.
Annaly Capital Management, Inc.
Only Capital Management is another REIT that invests in mortgage securities. The company pays a quarterly dividend of $0.22 per share, yielding an annualized yield of 9.9%. Annalee has a payment track record of over 20 years and was able to maintain her split payments during the pandemic.
Altria Group, Inc.
Altria Group is a tobacco company that posted quarterly earnings of $0.86 per share, which translates into an annualized yield of 7.3%. While the tobacco industry faces regulatory challenges, Altria has been able to maintain its dividend payout and has a long history of increasing dividend payouts.
Pitney Bowes Inc. (PBI)
Pitney Bowes is a technology company specializing in mailing and shipping solutions. The company pays a quarterly dividend of $0.05 per share, which translates to an annualized yield of 5.1%. While the company has faced some challenges in recent years, it has been able to maintain its dividend payout and has a strong balance sheet.
Investing in dividend stocks under $10 can be a great way to generate passive income while building long-term wealth. Since this stock is undervalued, it is important to do thorough research and due diligence before investing. It is also important to remember that dividends are not guaranteed and may be cut or suspended if the company encounters financial challenges.
Finally, there are dividend stocks below $10 available for investors to consider. Some great options include New Residential Investment Corp., AT&T Inc., Anally Capital Management, Inc., Altria Group, Inc., and Pitney Bowes Inc. By doing a thorough research and due diligence, investors can identify dividend stocks that offer strong yields and long-term growth potential.
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