13 High-Dividend Stocks to Invest In Under $10

4. Uniti Group Inc. (NYSE:UNIT)

Dividend Yield as of April 8: 14.46%

Share Price as of the Close of April 7: $4.4

Uniti Group Inc. (NYSE:UNIT) is an American real estate investment trust company that deals in the acquisition, ownership, and leasing of communications infrastructure. As of early 2025, the company owned 144,000 route miles and 8.7 million strand miles of fiber, along with other communication assets like small cells across the U.S., making it one of the nation’s top 10 fiber providers.

In early 2024, Uniti Group Inc. (NYSE:UNIT) entered into a merger agreement with Windstream Holdings, aiming to establish a leading digital infrastructure firm. The deal will bring together Uniti’s wholesale fiber network with Windstream’s fiber-to-the-home platform. The transaction is expected to close in the second half of 2025, at which point the company plans to shift from a REIT structure to a taxable C-corporation.

In the fourth quarter of 2024, Uniti Group Inc. (NYSE:UNIT) reported a revenue of $293.3 million, which showed a 2.7% growth from the same period last year. The company saw its core recurring strategic fiber revenue rise by about 5% in 2024 compared to the previous year. Consolidated bookings jumped 40% in the fourth quarter relative to the same period in 2023. Additionally, the capital intensity of its fiber operations has continued to trend downward.

Uniti Group Inc. (NYSE:UNIT) had $155.5 million available in cash and cash equivalents at the end of 2024. Its operating cash flow came in at $366.7 million, up from $353 million in 2023. It is one of the best dividend stocks on our list, as the company has been making regular dividends to shareholders since 2015. Currently, it offers a quarterly dividend of $0.15 per share and has a dividend yield of 14.46%, as of April 8.