In this article, we will take a look at some of the best dividend stocks under $10.
Investors often favor dividend stocks for their long-term potential, with their appeal stemming from the consistent growth they tend to deliver over time. Ed Yardeni, the President of Yardeni Research, Inc., stated the following about dividends:
“Dividends are like plants: Both grow. But dividends can grow forever, while the size of plants is limited.”
Dividend stocks are experiencing renewed interest today as a means to return value to shareholders. In 2022, companies in the broader market paid out a record $565 billion in dividends—the highest amount ever recorded. This comes at a time when interest rates are structurally higher for the first time in decades, making the era of ultra-low borrowing costs seem like a thing of the past. Between 2018 and 2022, investors also weathered three bear markets, each marked by a drop of 20% or more.
As some of the biggest companies have grown to enormous sizes —both in terms of revenue and market cap—their ability to sustain high growth rates has naturally declined. Despite slower growth prospects, these companies remain highly profitable, generating more cash than they can effectively reinvest because they are returning it to shareholders through dividends. This is why more and more companies have initiated their dividend policies. In 2024, major tech companies joined the dividend club in an effort to offer both growth and value to shareholders. The tech giants, though offering low yields today, managed to return billions through dividends last year, which is a clear indication of their strong commitment to rewarding investors.
S&P Global also highlighted this trend in a recent report, noting that global dividend growth saw a sharp rise in 2024, climbing by an impressive 8.5%. The surge was especially strong in Asia-Pacific, where government policies encouraged companies to shift from annual to semiannual dividend distributions. At the same time, the US market experienced a wave of new and reinstated dividend payments, largely fueled by companies in the technology, media, and telecommunications (TMT) sectors.
With the market taking a volatile turn, dividend stocks are in the green, offering a sense of reassurance to investors. The Dividend Aristocrats Index, which tracks the performance of companies with 25 consecutive years of dividend growth, is down by over 4% since the start of 2025, compared with an over 10% decline in the broader market. As a result, analysts remain optimistic about dividend prospects in 2025. According to S&P Global, US total dividend payouts are expected to rise by 7% next year, reaching approximately $784 billion. In recent years—and continuing into the current fiscal year—sectors like energy, pharmaceuticals, financial services, banking, and REITs have played a major role in driving this growth. Given this positive outlook, we will take a look at some of the best dividend stocks under $10 with high yields.
Our Methodology
For this article, we screened for dividend stocks under $10, as of the close of April 7. From that list, we identified stocks with high dividend yields and picked 13 stocks with dividend yields over 4%, as recorded on April 8. The stocks are ranked according to their dividends. While high-yield dividend stocks are sometimes seen as signs of weakening financial health, we focused on selecting companies with solid dividend track records and strong balance sheets.
At Insider Monkey, we are obsessed with hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
13. Lloyds Banking Group plc (NYSE:LYG)
Dividend Yield as of April 8: 4.78%
Share Price as of the Close of April 7: $3.34
Lloyds Banking Group plc (NYSE:LYG) is a British financial services company that provides services to retail and commercial customers. In FY24, the company posted an underlying net interest income of £12.8 billion, marking a 7% decline due to a reduced banking net interest margin of 2.95%, while average interest-earning banking assets remained steady at £451.2 billion. In the fourth quarter alone, underlying net interest income edged up 1% to £3.3 billion, supported by a slightly higher net interest margin of 2.97%.
Lloyds Banking Group plc (NYSE:LYG) also reported that underlying loans and advances to customers rose by £9.4 billion over the year, including a £2.1 billion increase in the fourth quarter, bringing the total to £459.1 billion. This growth was mainly driven by a £6.1 billion rise in UK mortgage lending.
In addition, customer deposits climbed by £11.3 billion over the year to reach £482.7 billion, fueled by strong growth in Retail deposits, while Commercial Banking deposits remained stable. The fourth quarter saw particularly robust momentum, with deposits increasing by £7.0 billion.
In its earnings report, Lloyds Banking Group plc (NYSE:LYG)’s management has proposed a final ordinary dividend of 2.11 pence per share, bringing the total dividend for 2024 to 3.17 pence per share. This represents a 15% increase from the previous year and aligns with the Group’s ongoing commitment to a progressive and sustainable dividend policy. With a dividend yield of 4.78%, as of April 8, LYG is one of the best dividend stocks on our list.
12. NL Industries, Inc. (NYSE:NL)
Dividend Yield as of April 8: 4.86%
Share Price as of the Close of April 7: $7.29
NL Industries, Inc. (NYSE:NL) is a Texas-based lead smelting company and operates in the component products industry. The company reported a net income of $16.5 million, or $0.34 per share, for Q4 2024, up from $7.6 million, or $0.16 per share, in the same period a year earlier. Its majority-owned subsidiary, CompX International, posted fourth-quarter net sales of $38.4 million, down from $43.2 million in Q4 2023. The decline in sales was mainly due to reduced demand for Security Products from a government security client. However, stronger Marine Components sales to the towboat and government sectors partially offset this.
NL Industries, Inc. (NYSE:NL) remained a reliable option from a dividend point of view. In FY24, the company’s dividend income increased by $1.4 million compared to 2023 due to higher average interest rates on invested balances. On February 27, the company declared a 12.5% hike in its quarterly dividend to $0.09 per share. This was its second consecutive year of dividend growth. The stock has a dividend yield of 4.86%, as of April 8.
At the end of Q4 2024, 4 hedge funds tracked by Insider Monkey held stakes in NL Industries, Inc. (NYSE:NL), the same as in the previous quarter. The consolidated value of these stakes is nearly $2 million. Among these hedge funds, Renaissance Technologies owned the largest stake in the company.
11. Amcor plc (NYSE:AMCR)
Dividend Yield as of April 8: 5.97%
Share Price as of the Close of April 7: $8.92
An Australian packaging company, Amcor plc (NYSE:AMCR) ranks eleventh on our list of the best dividend stocks with high yields. In fiscal Q2 2025, the company reported a revenue of $3.24 billion, showing a modest dip of 0.3% from the same period last year. Despite this, shipment volumes rose by 2.3% year-over-year, continuing the positive trend from the 1.6% increase in the first quarter and marking the fourth straight quarter of volume growth. On a comparable constant currency basis, adjusted EBIT climbed by around 5% to $363 million.
Looking ahead, Amcor plc (NYSE:AMCR) maintained its full-year guidance, expecting adjusted EBIT growth of 3% to 8% in constant currency terms. It also aims to keep its leverage ratio at or below 3x by the end of fiscal year 2025 and is targeting an adjusted free cash flow between $900 million and $1 billion. Notably, recent insider buying activity over the past six months signals strong internal confidence in the company’s future.
During the first half of the fiscal year 2025, Amcor plc (NYSE:AMCR) generated $228 million in operating cash flow, a solid improvement from $159 million in the same period last year. The company continues to reward shareholders with a quarterly dividend of $0.1275 per share. Moreover, it has raised its payouts for 41 consecutive years. The stock supports a dividend yield of 5.97%, as of April 8.
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.
9. Ford Motor Company (NYSE:F)
Dividend Yield as of April 8: 6.9%
Share Price as of the Close of April 7: $9.24
Ford Motor Company (NYSE:F) is a Michigan-based multinational automobile manufacturer that sells commercial vehicles and automobiles under both its Ford and luxury Lincoln brands. The stock has dropped nearly 10% since the beginning of 2025, largely due to concerns surrounding the global implications of US tariffs. As an automaker with international operations, Ford could face significant challenges if other countries impose retaliatory tariffs. These trade tensions could drive up car prices by anywhere from $4,000 to $15,000—or roughly 13.5% on average—which would likely dampen demand for new vehicles. With the average monthly car payment already at $738, The Wall Street Journal suggested that added tariffs could push monthly costs to as much as 15% of a buyer’s income, further straining affordability.
However, Ford Motor Company (NYSE:F) reported strong Q4 2024 earnings. The company posted a revenue of $48.2 billion, marking a 5% increase compared to the same period last year. It maintained healthy cash generation throughout the year, with $15.4 billion in operating cash flow and $6.7 billion in free cash flow. For 2025, Ford anticipates its adjusted EBIT to fall between $7.0 billion and $8.5 billion, while adjusted free cash flow is expected to range from $3.5 billion to $4.5 billion. Planned capital expenditures are projected between $8 billion and $9 billion. The automaker offers a quarterly dividend of $0.15 per share, yielding 6.9%, as of April 8.
The number of hedge funds tracked by Insider Monkey owning stakes in Ford Motor Company (NYSE:F) grew to 45 in Q4 2024, from 36 in the previous quarter. The collective value of these stakes is more than $795 million. With nearly 14 million shares, Squarepoint Ops LLC was one of the company’s leading stakeholders in Q4.
8. VAALCO Energy, Inc. (NYSE:EGY)
Dividend Yield as of April 8: 8.06%
Share Price as of the Close of April 7: $3.34
VAALCO Energy, Inc. (NYSE:EGY) is an American independent energy company, headquartered in Texas. The company specializes in hydrocarbon exploration. It reported mixed earnings in the fourth quarter of 2024, with revenue amounting to $121.7 million, down 18% from the same period last year. However, the revenue surpassed analysts’ estimates by $13.9 million. It posted a net profit of $11.7 million, which translates to $0.11 per diluted share, and recorded an Adjusted EBITDAX of $76.2 million.
VAALCO Energy, Inc. (NYSE:EGY) primarily operates offshore West Africa, with a key focus on the Etame Marin block off the coast of Gabon, where it has been active for over 20 years. EGY also holds assets in Equatorial Guinea and has expanded its portfolio through mergers and acquisitions. The company’s production is mainly oil, and it prioritizes low-cost, high-margin projects. It operates under production-sharing contracts and licenses, collaborating with host governments and joint venture partners.
VAALCO Energy, Inc. (NYSE:EGY)’s cash position also remained stable. The company ended the year with over $82.6 million available in cash and cash equivalents. During the year, it generated $113.7 million in operating cash flow. This sound cash availability enabled the company to return $33 million to shareholders through dividends in 2024. Moreover, its dividend and buyback distributions amounted to $83.4 million over the past two years, which makes it one of the best dividend stocks. Currently, it offers a quarterly dividend of $0.0625 per share and has a dividend yield of 8.06%, as of April 8.
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.
6. Barings BDC, Inc. (NYSE:BBDC)
Dividend Yield as of April 8: 13.18%
Share Price as of the Close of April 7: $8.15
Barings BDC, Inc. (NYSE:BBDC) ranks sixth on our list of the best dividend stocks with high yields. The North Carolina-based business development company specializes in debt investments in middle-market companies. The company has established itself as a prominent business development company by capitalizing on growth opportunities. Unlike high-risk stocks that may offer higher returns but with more uncertainty, BBDC provides a more stable investment alternative. Its consistent market performance, dependable dividend payouts, and growing net asset value make it a lower-risk option for investors.
In the fourth quarter of 2024, Barings BDC, Inc. (NYSE:BBDC) generated a total investment income of $70.6 million, a 6.9% decrease from the same period the previous year. It reported a net investment income of $29.5 million, or $0.28 per share, while its net assets increased by $24.8 million, or $0.24 per share. The company expanded its portfolio by making 15 new investments valued at $137.9 million and committed an additional $156.5 million to existing companies. In addition, it participated in a $3.5 million equity co-investment alongside affiliated entities in a portfolio company that provides financing to plaintiff law firms involved in mass tort and other civil litigation cases.
Barings BDC, Inc. (NYSE:BBDC) is confident in its portfolio and, with strong momentum continuing into early 2025, has declared a special dividend of $0.15 per share. This dividend will be paid in three equal quarterly installments starting in March. The company has consistently paid dividends to its shareholders since 2007. It currently offers a quarterly dividend of $0.26 per share and has a dividend yield of 13.18%, as of April 8.
5. Guess?, Inc. (NYSE:GES)
Dividend Yield as of April 8: 13.86%
Share Price as of the Close of April 7: $9.74
Guess?, Inc. (NYSE:GES) is an American clothing company, based in California. The company designs, markets, distributes, and licenses a wide range of lifestyle products, including contemporary apparel, denim, handbags, watches, eyewear, footwear, and other related items. As of February 1, 2025, it directly managed 1,070 retail stores across Europe, the Americas, and Asia. Moreover, its partners and distributors operated 527 more stores globally. In total, the company and its partners are present in around 100 countries worldwide.
In fiscal Q4 2025, Guess?, Inc. (NYSE:GES) reported a revenue of $932.2 million, which showed a 5% growth from the same period last year. The revenue also exceeded analysts’ estimates by $24.5 million. The growth during the period was mainly fueled by the acquisition of rag & bone, along with strong performance in the wholesale businesses across Europe and the Americas and higher licensing revenues. The company’s outlook for fiscal 2026 reflects the expected impact of these initiatives, and it is projected that, collectively, they will generate approximately $30 million in operating profit by fiscal year 2027.
Guess?, Inc. (NYSE:GES)’s cash position also remained stable. The company ended the year with $187.7 million available in cash and cash equivalents. Its operating cash flow for the year came in at $121.6 million. The company expects to generate $125 million in operating cash flow and $55 million in free cash flow in FY26. Its quarterly dividend comes in at $0.30 per share and has a dividend yield of 13.86%, as of April 8. It has been making regular dividend payments for the past 18 years, which makes GES one of the best dividend stocks.
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.
3. Nordic American Tankers Limited (NYSE:NAT)
Dividend Yield as of April 8: 14.85%
Share Price as of the Close of April 7: $2.35
Nordic American Tankers Limited (NYSE:NAT) is a Bermuda-based international tanker company that owns, operates, and charters Suezmax tankers. In its latest earnings report, the company noted that, as part of its ongoing fleet optimization strategy, it had agreed to acquire a 2016-built Suezmax tanker from a reputable seller since the close of 2024. The vessel, priced in the mid to high $60 million range, is scheduled for delivery in the second quarter of the current year. Management indicated that the addition is expected to enhance both earnings potential and dividend capacity. The purchase is expected to be funded through a combination of cash and lease financing.
For the full year of 2024, Nordic American Tankers Limited (NYSE:NAT) reported net voyage revenues of $225 million and a net profit of $46.6 million. During the fourth quarter, the fleet’s average time charter equivalent (TCE)—which includes both spot and time charter vessels—stood at $26,416 per day per ship. This performance resulted in a strong operating margin, considering that daily operating expenses per vessel are approximately $9,000. In addition, following a newly secured and more favorable $150 million financing arrangement with Beal Bank, seven of NAT’s vessels remain unencumbered and debt-free, offering the company increased financial flexibility.
Nordic American Tankers Limited (NYSE:NAT), one of the best dividend stocks, has paid regular dividends to shareholders for 110 consecutive quarters. It currently offers a quarterly dividend of $0.06 per share and has a dividend yield of 14.85%, as of April 8.
2. MFA Financial, Inc. (NYSE:MFA)
Dividend Yield as of April 8: 16.82%
Share Price as of the Close of April 7: $8.93
MFA Financial, Inc. (NYSE:MFA) is a New York-based specialty finance company that mainly invests in residential mortgage loans and other real estate assets. Mortgage REITs operate quite differently from traditional REITs and are generally known for offering higher dividend yields. Rather than holding physical real estate, these REITs invest in real estate-related debt instruments, such as mortgages. Their income is primarily derived from interest payments, and they often rely on leverage to boost returns—making their business model more similar to that of a bank or hedge fund.
In the fourth quarter of 2024, MFA Financial, Inc. (NYSE:MFA) reported revenue of $50.8 million, which showed a 9.3% growth from the same period last year. The company’s fully owned subsidiary, Lima One, originated $151.1 million in new business-purpose loans, with the total approved loan capacity reaching $235.9 million. In addition, it provided $108.1 million in funding through draws on previously issued Transitional loans. During the period, Lima One earned $8.5 million in mortgage banking income.
MFA Financial, Inc. (NYSE:MFA) ended the year with $339 million available in cash and cash equivalents, up from $318 million in 2023. On March 6, the company declared a 2.9% hike in its quarterly dividend to $0.36 per share. It is one of the best dividend stocks on our list as the company has been making regular payments since its IPO in 1998, and since then, these dividends have totaled around $4.8 billion. The stock supports a dividend yield of 16.82%, as of April 8.
1. AGNC Investment Corp. (NASDAQ:AGNC)
Dividend Yield as of April 8: 16.87%
Share Price as of the Close of April 7: $8.66
AGNC Investment Corp. (NASDAQ:AGNC) is an American real estate investment trust company, headquartered in Maryland. The company mainly invests in mortgage-backed securities, which function similarly to bonds. It is a prominent investor in Agency residential mortgage-backed securities (Agency MBS), which are backed by US government-sponsored entities. In addition, it allocates capital to a range of other mortgage-related assets, including non-Agency residential and commercial MBS, credit risk transfer (CRT) securities, and real estate or housing-linked investments that do not carry government guarantees.
As of December 31, 2024, AGNC Investment Corp. (NASDAQ:AGNC)’s investment portfolio totaled $73.3 billion. This included $65.5 billion in Agency MBS, $6.9 billion in net TBA (to-be-announced) positions, and $0.9 billion in CRT and non-Agency assets, as well as other mortgage-related holdings.
AGNC Investment Corp. (NASDAQ:AGNC) has maintained consistent dividend payments since its public listing in 2008, initially paying dividends on a quarterly basis. The company shifted to a monthly distribution format in 2014. From its IPO through the end of Q4 2024, it has paid out $14 billion in total dividends to shareholders. It currently pays a monthly dividend of $0.12 per share and has a dividend yield of 16.87%, as of April 8.
Overall, AGNC Investment Corp. (NASDAQ:AGNC) ranks first on our list of the high dividend stocks to invest in under $10. While we acknowledge the potential of AGNC as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than AGNC but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the dirt cheap dividend stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
