10 Best Cheap Dividend Stocks to Buy Under $20: Insights from Wayne Duggan and Jordan Schultz
Investing in dividend stocks can effectively mitigate the challenges posed by inflation, offering a consistent income stream. Over the past 90 years, dividends have contributed significantly to total stock market returns, comprising about 40%. The synergy of stock price growth and dividend payments presents a lucrative prospect for long-term investors. Here, we reveal 10 Best Cheap Dividend Stocks under $20 recommended by CFRA:
- Energy Transfer LP (Ticker: ET) - Upside Potential: 11.3%, Forward Dividend Yield: 7.9%
- Vale SA (Ticker: VALE) - Upside Potential: 14.2%, Forward Dividend Yield: 16.9%
- Orange SA (Ticker: ORAN) - Upside Potential: 7.7%, Forward Dividend Yield: 6.4%
- Cenovus Energy Inc. (Ticker: CVE) - Upside Potential: 41.9%, Forward Dividend Yield: 2.8%
- Telefonica SA (Ticker: TEF) - Upside Potential: 5.9%, Forward Dividend Yield: 6.9%
- Nokia Corp. (Ticker: NOK) - Upside Potential: 7.1%, Forward Dividend Yield: 3.3%
- Host Hotels & Resorts Inc. (Ticker: HST) - Upside Potential: 9.1%, Forward Dividend Yield: 4.6%
- AES Corp. (Ticker: AES) - Upside Potential: 7.8%, Forward Dividend Yield: 3.7%
- Aegon Ltd. (Ticker: AEG) - Upside Potential: 25.4%, Forward Dividend Yield: 5.9%
- First Horizon Corp. (Ticker: FHN) - Upside Potential: 26.5%, Forward Dividend Yield: 3.8%
A spotlight on Energy Transfer, a leading midstream oil and gas infrastructure company, reveals its potential in both traditional and alternative energy sectors. Analyst Stewart Glickman believes Energy Transfer is on track to exceed its anticipated cash distributions, ensuring a secure dividend amidst rising operations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.