13 High-Dividend Stocks to Invest In Under $10

10. Viatris Inc. (NASDAQ:VTRS)

Dividend Yield as of April 8: 6.52%

Share Price as of the Close of April 7: $7.61

Viatris Inc. (NASDAQ:VTRS) is an American pharmaceutical company that specializes in a wide variety of therapeutic areas. The company is aiming to reshape its portfolio by shifting toward more innovative, higher-margin offerings. Its recent strategy has centered on selling off non-core assets and making targeted acquisitions, all to simplify its operations and enhance overall profitability.

In the fourth quarter of 2024, Viatris Inc. (NASDAQ:VTRS) reported a revenue of $3.53 billion, down over 8% from the same period last year. The revenue also missed analysts’ estimates by over $72 million. However, its New Products came in at $582 million. The company also strengthened its balance sheet by paying down $3.7 billion in debt and successfully met its long-term gross leverage target, closing the year with a leverage ratio of 2.9x.

Though showing mixed earnings, Viatris Inc. (NASDAQ:VTRS)’s cash position remained strong. In the most recent quarter, it generated $482.7 million in operating cash flow, and its free cash flow came in at $342.3 million. The company started its dividend policy in 2021 and has paid regular dividends since then, which makes it one of the best dividend stocks on our list. Currently, it offers a quarterly dividend of $0.12 per share and has a dividend yield of 6.52%, as of April 8.