In this article, we discuss 5 best dividend stocks under $10. If you want to see more cheap dividend payers, click 10 Best Dividend Stocks Under $10.
5. Franklin Street Properties Corp. (NYSE:FSP)
Number of Hedge Fund Holders: 10
Dividend Yield as of May 9: 7.38%
Share Price as of May 9: $4.87
Franklin Street Properties Corp. (NYSE:FSP) is a Massachusetts-based real estate investment trust that makes long-term investments in office properties across the U.S. Sunbelt and Mountain West. Franklin Street Properties Corp. (NYSE:FSP)’s dividend yield on May 9 came in at 7.38%.
On April 1, Franklin Street Properties Corp. (NYSE:FSP) announced a $0.09 per share quarterly dividend, in line with previous. The dividend was distributed on May 5, to shareholders of record on April 15.
Riley analyst Craig Kucera on May 5 reiterated a Buy recommendation on Franklin Street Properties Corp. (NYSE:FSP) and lowered the firm’s price target on the shares to $6 from $6.50 after the shares post the Q1 results. The analyst cited office real estate investment trust multiple compression and a reduction to his net asset value estimate for the reduced target.
According to Insider Monkey’s Q4 data, 10 hedge funds were long Franklin Street Properties Corp. (NYSE:FSP), with collective stakes valued at $12.5 million. Jim Simons’ Renaissance Technologies held the biggest position in the company, with 1.3 million shares worth $8.2 million.
4. Kinross Gold Corporation (NYSE:KGC)
Number of Hedge Fund Holders: 31
Dividend Yield as of May 9: 2.51%
Share Price as of May 9: $4.79
Kinross Gold Corporation (NYSE:KGC) was founded in 1993 and is headquartered in Toronto, Canada. The company explores and develops gold properties primarily in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. Kinross Gold Corporation (NYSE:KGC)’s dividend yield on May 9 came in at 2.51%.
On February 16, Kinross Gold Corporation (NYSE:KGC) declared a quarterly dividend of $0.03 per share, in line with previous. The dividend was distributed on March 24, to shareholders of the company as of March 9.
Stifel analyst Ingrid Rico on April 27 maintained a Buy recommendation on Kinross Gold Corporation (NYSE:KGC) and lowered the firm’s price target on the shares to C$11.50 from C$14.
Among the hedge funds tracked by Insider Monkey, Kinross Gold Corporation (NYSE:KGC) was found in the public stock portfolios of 31 funds at the end of December 2021, up from 27 funds in the earlier quarter. The total stakes owned in Q4 amounted to $365.6 million, compared to $321 million in Q3 2021. Eric Sprott’s Sprott Asset Management is a prominent shareholder of the company, with 8.25 million shares worth approximately $48 million.
3. Great Ajax Corp. (NYSE:AJX)
Number of Hedge Fund Holders: 9
Dividend Yield as of May 9: 11.18%
Share Price as of May 9: $9.30
Great Ajax Corp. (NYSE:AJX) is an Oregon-based real estate company that primarily deals in residential mortgage and small balance commercial mortgage loans. Great Ajax Corp. (NYSE:AJX)’s dividend yield on May 9 stood at 11.18%, making it one of the highest yielding dividend stocks under $10.
On May 5, Great Ajax Corp. (NYSE:AJX) declared a quarterly dividend of $0.26 per share, in line with previous. The dividend is payable on May 31, to shareholders of the company as of May 16.
JMP Securities analyst Trevor Cranston on April 26 maintained an Outperform rating on Great Ajax Corp. (NYSE:AJX) but lowered the firm’s price target on the shares to $11 from $15 as part of a broader research note previewing Q1 results for the Residential Mortgage REIT industry. The analyst cited drastic fluctuations in interest rates and other markets as Fed policy “shifted dramatically” and geopolitical instability became a significant factor.
According to Insider Monkey’s fourth quarter database, 9 hedge funds were bullish on Great Ajax Corp. (NYSE:AJX), with combined stakes valued at $17.2 million, compared to the same number of funds in the last quarter, holding stakes in the company worth about $13 million. Michael Platt and William Reeves’ BlueCrest Capital Mgmt is a notable position holder in Great Ajax Corp. (NYSE:AJX), with 206,890 shares worth $5.3 million.
2. Barclays PLC (NYSE:BCS)
Number of Hedge Fund Holders: 11
Dividend Yield as of May 9: 4.33%
Share Price as of May 9: $7.37
Barclays PLC (NYSE:BCS) is a London-based financial services corporation that offers expertise in retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management. Barclays PLC (NYSE:BCS) operates in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.
On March 2, Barclays PLC (NYSE:BCS) declared a 4.0p dividend per share. The dividend was paid on April 5, to shareholders of record on March 4. Barclays PLC (NYSE:BCS)’s dividend yield on May 9 stood at 4.33%.
Credit Suisse analyst Omar Keenan on April 29 maintained an Outperform rating on Barclays PLC (NYSE:BCS) and raised the firm’s price target on the shares to 240 GBp from 205 GBp.
Among the hedge funds tracked by Insider Monkey, Barclays PLC (NYSE:BCS) was found in the public stock portfolios of 11 hedge funds at the end of Q4 2021, with combined stakes worth $86.8 million. Mike Masters’ Masters Capital Management is the leading shareholder of the company, with 4 million shares worth $41.40 million.
1. BrightSpire Capital, Inc. (NYSE:BRSP)
Number of Hedge Fund Holders: 11
Dividend Yield as of May 9: 9.54%
Share Price as of May 9: $7.97
BrightSpire Capital, Inc. (NYSE:BRSP) is a New York-based real estate investment trust that deals in commercial real estate senior mortgage loans, mezzanine loans, preferred equity, debt securities, and net leased properties. BrightSpire Capital, Inc. (NYSE:BRSP) delivers a dividend yield of 9.54% as of May 9.
On March 15, BrightSpire Capital, Inc. (NYSE:BRSP) declared a $0.19 per share quarterly dividend, a 5.6% increase from its last dividend of $0.18. The dividend was distributed on April 15.
BTIG transferred coverage of BrightSpire Capital, Inc. (NYSE:BRSP) to analyst Eric Hagen from analyst Timothy Hayes. He maintained a Buy recommendation and an $11.50 price target on the stock on March 11.
According to Insider Monkey’s fourth quarter database, 11 hedge funds placed long bets on BrightSpire Capital, Inc. (NYSE:BRSP), compared to 13 funds in the earlier quarter. The total stakes owned in Q4 amounted to $141.3 million, up from $109.7 million in Q3.
You can also take a look at 10 Oil Tanker Stocks That Pay Dividends and 10 Safe Stocks To Invest in For The Long-Term in 2022.
