13 High-Dividend Stocks to Invest In Under $10

7. B&G Foods, Inc. (NYSE:BGS)

Dividend Yield as of April 8: 12.47%

Share Price as of the Close of April 7: $6.39

B&G Foods, Inc. (NYSE:BGS) is a New Jersey-based branded foods holding company that mainly specializes in food manufacturing and distribution. The company produces pickles and condiments and owns well-known brands like Ortega, Green Giant, Cream of Wheat, and Weber grills. It proved its resilience during the COVID-19 pandemic, showing its strength as a recession-resistant consumer staple stock, making it a solid choice for dividend investors.

In the fourth quarter of 2024, B&G Foods, Inc. (NYSE:BGS) reported revenue of $551.6 million, which declined by 4.6% from the same period last year. The decline was mainly due to the divestiture of the Green Giant US shelf-stable product line, lower unit volumes, and the adverse effect of foreign currency fluctuations. However, this was partly offset by higher net pricing and changes in the product mix. The Green Giant US shelf-stable product line, which was sold on November 8, 2023, generated $15.9 million in net sales during the fourth quarter of 2023.

B&G Foods, Inc. (NYSE:BGS) posted an adjusted net income of $24.6 million, or $0.31 per adjusted diluted share, compared to an adjusted net income of $23.5 million, or $0.30 per adjusted diluted share, in the same quarter of 2023. The company ended the year with $50.5 million available in cash and cash equivalents, up from $41 million in 2023. In addition, its operating cash flow also remained healthy at over $80.3 million.

B&G Foods, Inc. (NYSE:BGS), one of the best dividend stocks, has been making regular dividend payments to shareholders since its IPO in 2004. Currently, it pays a quarterly dividend of $0.19 per share and has a dividend yield of 12.47%, as of April 8.