5 Best Dividend Stocks Under $10

In this article, we discuss 5 best dividend stocks under $10. If you want to read our detailed analysis of dividend stocks and their performance, go directly to read 12 Best Dividend Stocks Under $10. 

5. Telephone and Data Systems, Inc. (NYSE:TDS)

Number of Hedge Fund Holders: 19
Share Price as of July 17: $7.64

Telephone and Data Systems, Inc. (NYSE:TDS) ranks fifth on our list of the best dividend stocks under $10. The American telecommunications company provides a range of communications services to customers in both the wireline and wireless markets.

Telephone and Data Systems, Inc. (NYSE:TDS) has been rewarding shareholders with growing dividends for the past 48 years. The company pays a quarterly dividend of $0.185 per share and has a dividend yield of 9.69%, as of July 14.

At the end of Q1 2023, 19 hedge funds tracked by Insider Monkey owned stakes in Telephone and Data Systems, Inc. (NYSE:TDS), with a collective value of over $56.5 million.

4. Medical Properties Trust, Inc. (NYSE:MPW)

Number of Hedge Fund Holders: 21
Share Price as of July 17: $9.84

Medical Properties Trust, Inc. (NYSE:MPW) is an American real estate investment trust that focuses on investing in healthcare-related properties. The company specializes in owning and leasing properties used for healthcare purposes, primarily to hospitals and other healthcare providers.

Medical Properties Trust, Inc. (NYSE:MPW) is one of the best dividend stocks on our list as it has raised its payouts for nine consecutive years. It currently pays a quarterly dividend of $0.29 per share and the stock’s dividend yield on July 17 came in at 11.79%.

At the end of the March quarter of 2023, 21 hedge funds in Insider Monkey’s database reported having stakes in Medical Properties Trust, Inc. (NYSE:MPW), worth collectively roughly $200 million. With over 6.6 million shares, Cardinal Capital was the company’s leading stakeholder in Q1.

3. Amcor plc (NYSE:AMCR)

Number of Hedge Fund Holders: 22
Share Price as of July 17: $9.93

Amcor plc (NYSE:AMCR) is a global packaging company that provides a wide range of packaging solutions for various industries. On May 22, the company declared a quarterly dividend of $0.1225 per share, consistent with its previous dividend. It maintains a 39-year streak of dividend growth, which makes it one of the best dividend stocks on our list. The stock has a dividend yield of 4.93%, as of July 17.

As of the close of Q1 2023, 22 hedge funds in Insider Monkey’s database owned stakes in Amcor plc (NYSE:AMCR), worth collectively over $244.5 million.

2. Sirius XM Holdings Inc. (NASDAQ:SIRI)

Number of Hedge Fund Holders: 24
Share Price as of July 17: $4.75

Sirius XM Holdings Inc. (NASDAQ:SIRI) is a New York-based audio entertainment company that primarily operates a satellite radio service, providing a wide variety of music, sports, talk shows, news, and other audio content to its subscribers. The company pays a quarterly dividend of $0.0242 per share and has been growing its dividends consistently for the past six years. With a dividend yield of 2.04% as of July 17, SIRI is one of the best dividend stocks on our list under $10.

As per Insider Monkey’s database of Q1 2023, 24 hedge funds owned stakes in Sirius XM Holdings Inc. (NASDAQ:SIRI), with a total value of over $113.6 million.

1. Algonquin Power & Utilities Corp. (NYSE:AQN)

Number of Hedge Fund Holders: 27
Share Price as of July 17: $8.12

Algonquin Power & Utilities Corp. (NYSE:AQN) tops our list of the best dividend stocks under $10. The Canadian diversified energy company currently pays a quarterly dividend of $0.1085 per share and has a dividend yield of 5.35%, as recorded on July 14.

Algonquin Power & Utilities Corp. (NYSE:AQN) experienced a positive hedge fund sentiment in Q1 2023, as 27 funds in Insider Monkey’s database reported owning stakes in the company, up from 18 a quarter earlier. These stakes have a consolidated value of roughly $317.7 million.

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