In this article we will discuss 5 cheap dividend stocks with high yields. If you can want to read our detailed analysis of the merits of dividend investing and see some other dividend stocks, go to 10 Cheap Dividend Stocks with High Yields.
5. Lumen Technologies, Inc. (NYSE: LUMN)
Dividend Yield: 6.64%
Lumen Technologies, Inc. (NYSE: LUMN) is an American telecommunications company. It has headquarters in Monroe, Louisiana, and offers communications, network services, and a range of other telecommunications services. Lumen Technologies, Inc. (NYSE: LUMN) is a member of the Fortune 500 and the S&P 500 Index. With its $15.07 share price and 6.64% dividend yield, the company ranks 5th on our list of cheap and high-yielding dividend stocks.
Lumen Technologies, Inc. (NYSE: LUMN) revealed its Q121 report earlier this year, which showed a net income of $475 million for this quarter, an increased from the $314 million net income the company had in Q120. The company’s EPS also rose compared to Q120, at $0.44 this quarter compared to $0.29 last year. Lumen Technologies, Inc. (NYSE: LUMN) also reported the generation of a free cash flow of $850 million this quarter, compared to $385 million in Q120. All the above indicate significant growth.
The company pays $1 per share at its current yield rate, and has a market cap of $16.7 billion. Lumen Technologies, Inc. (NYSE: LUMN) also gained 55.04% year to date.
4. Annaly Capital Management, Inc. (NYSE: NLY)
Dividend Yield: 9.6%
Annaly Capital Management, Inc. (NYSE: NLY) is a real estate investment trust company organized in Maryland with its principal office in New York City. The company borrows money through short-term repurchase agreements and reinvests the proceeds in asset-backed securities. It ranks 4th on our list of the 10 cheapest dividend stocks with high yields.
In the first quarter of 2021, Annaly Capital Management, Inc. (NYSE: NLY) brought in revenue valued at $2.05 billion and it has a market cap of $12.68 billion. It also has a forward PE ratio of 8.2. The stock has gained 8.26% in the past 6 months and 11.42% year to date.
3. Telefônica Brasil S.A. (NYSE: VIV)
Dividend Yield: 10%
Telefônica Brasil S.A. (NYSE: VIV), trading as Vivo, is a telecommunications group based in Brazil. The company is a subsidiary of the Spanish Telefónica. With a share price of $9.39 and a dividend yield of 8.38%, Telefônica Brasil S.A. (NYSE: VIV) has made it to our list of the 10 cheapest dividend stocks with high yields.
According to Telefônica Brasil S.A.’s (NYSE: VIV) Q121 reports, the company’s net income for the quarter was worth $186 million, an 18.3% growth year over year. Free cash flow after leasing payments was around $434 million.
Telefônica Brasil S.A. (NYSE: VIV) has gained 2.66% year to date, has a market value of $15.7 billion, and pays $0.79 a share in dividends.
2. Orange S.A. (NYSE: ORAN)
Dividend Yield: 8.47%
Orange S.A. (NYSE: ORAN) is a French telecommunications company and is ranked 2nd on our list of the cheapest high-yielding dividend stocks. The company has a dividend yield of 8.47% and a share price of $12.87.
In their Q121 report, Orange S.A. (NYSE: ORAN) revealed a 0.5% increase in revenues which now stand at over $12 billion, growth the company believes to result from equipment sales which rose by 10.8% and fixed broadband services which rose by 5.3%.
Orange S.A. (NYSE: ORAN) has a market value of $33.8 billion and pays $1.09 per share with its current dividend yield. The company’s EPS for the past quarters was $2.09, and its stock gained 4.04% year to date.
1. Telefónica, S.A. (NYSE: TEF)
Dividend Yield: 8%
Telefónica, S.A. (NYSE: TEF), a Spanish multinational telecommunications company, is ranked first on our list of cheap and high-yielding dividend stocks with a share price of $5.06 and a dividend yield of 8%. The company has headquarters in Madrid, Spain, and is one of the largest telephone operators across the globe.
According to Telefónica, S.A.’s (NYSE: TEF) financial reports, the company made $52 million in revenues in 2020 and $1.9 million in net income. The company also gained 22.61% year to date, while it gained 3.3% on June 10th. Telefónica, S.A. (NYSE: TEF) has a market value of $27.2 billion.
See also 30 Dividend Kings of 2021 (Part I) and 15 Fastest Growing Dividend Stocks.
