When it comes to the stock market, some investors prefer small or even tiny stocks, and stocks under $10 are especially popular with some investors. When it comes to dividend payers, most of them tend to be larger companies. However, there are a few high dividend-paying companies out in the market. Here’s a list of dividend-paying stocks trading under $10.
1. EnLink Midstream, LLC (ENLC)
EnLink Midstream, LLC provides midstream energy services in the United States. They transport oil and gas through their pipelines in North Texas, Louisiana, and Oklahoma. ENLC is currently trading at $6.67, with a 52 week low of $3.53 and a 52 week high of $8.64. The company has a market capitalization of $3.29 Billion. However, the reason that ENLC made it into the list is because of its mountainous dividend yield of 5.55% despite its low stock price. The one noteworthy thing about this company is that the last twelve months’ revenue has climbed to $5.6 Billion from $3.9 Billion in 2020. Consequently, their Gross Profit has also shown an improvement of approx. 11% in the current year with $989 million compared to $888 Million in 2020. The average analysts’ price target is $7.73, which is slightly higher than the ongoing price.
2. Mobile TeleSystems Public Joint Stock Company (MBT)
Mobile TeleSystems is one of the leading telecom companies in all of Russia, with a 30% market share. They recently launched 5G in Moscow and St. Petersburg and this launch throughout the country is going to be a big catalyst for MBT. The company is currently trading at $8.13 with a 52 week low of $7.95 and a 52 week high of $10.07. MBT has a market cap of $7.02 Billion. They also pay a huge dividend yield of 12.51%.and a P/E ratio of 8.17%. Additionally, it trades at less than 10 times earnings and 4 times cash flow. The company’s revenue also displayed a substantial amount of growth from $494 Trillion (in 2020) to $524 Trillion (in 2021). Analysts give it a rating of 1.9, meaning it’s a buy. Their average price target for this company is $10.98, which is 35% higher than the current trading price. If you can stomach holding a Russian Company, this is an interesting one to keep an eye on.
3. Orchid Island Capital, Inc. (ORC)
Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. It is a mortgage REIT that invests in residential agency-backed mortgages like Fannie Mae and Freddie Mac. Orchid Island is a small-cap company with a Market Cap of just $734 Million. Right now, ORC is trading at $4.34 with a 52 week low of $4.32 and a 52 week high of $6.22. The company has a dividend payout ratio of a whopping 1300% and pays a mouth-watering dividend yield of 17.97%. Usually, stocks with yields that high are flashing all kinds of red warning signs but this one seems to be in a good shape. Analysts have given it a rating of 2, which is a solid buy and they expect it to rise to $6 which is approx. 35% higher than the current trading price.
4. UWM Holdings Corporation (UWMC)
UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWMC is trading at $6.91 per share right now, with a 52 week low of $6.91, with a 52 week low of $5.41 and a 52 week high of $14.38. The company has a Market Cap of $11.09 billion. UMWC pays a dividend of 5.59%. They have quite a high profit margin of 31.40% and an EPS of $14.48. Analysts expect UWM’s earnings per share to grow 8% between 2021 and 2022. They also have an average price target of $8.47 which is 22% higher than the current price. Despite the recent downfall in the price, it could be a good opportunity for investors to get an entry point.
5. Annaly Capital Management, Inc. (NLY)
Annaly Capital Management, Inc., a company founded in 1996 based in New York, is a diversified capital manager, invests in and finances residential and commercial assets. Right now, NLY is trading at $8.46 with a 52 week low of $7.97 and a 52 high of $9.64. They have a Market Cap of 12.2 billion and a profit margin of whopping 63.59% which is quite phenomenal. Looking at their 1 year price chart, we can notice that their price rose and spiked in May 2021, but started declining for the latter half of 2021. However, Annaly Capital Management is offering a mouthwatering yield of 10.40%.
The company’s investment strategy is driven by a prudent selection of assets and effective allocation of capital to achieve better returns. Annaly Capital offers an intriguing dividend yield of 10% that seems to be safe for the foreseeable future.
6. Pitney Bowes Inc. (PBI)
Founded in 1920, Pitney Bowes Inc. is an American technology company with a market cap of $1.18 billion .It provides commerce solutions in the United States and internationally. The company operates through Global Ecommerce, Presort Services, and SendTech Solutions segments. Pitney Bowes already has an employee count of more than 15,000 and it further plans to hire thousands more full-time employees ahead of the peak season. PBI is trading at $6.74, with a 52 week low of $5.18 and a 52 week high of $15.50. PBI pays an attractive dividend of 3.02% and has a high P/E ratio of $76.59. The company been handling Covid-19 pandemic quite well. Despite rising labor and transportation costs across the industry, it has been able to maintain competitive. Consequently, their total revenue in the last 12 months has shown 4.61% elevation. In analysts’ point of view, it is a good buy as they have given it a rating of 2.2. On top of that, they expect it to rise to $10.67 which is 58% higher than the current price. If you are looking for low investment to profit from a good amount of dividend, this company might just be the one.