20 High Dividend Stocks Under $20
By: Jonathan Wolfgram,
Investors looking for high dividend stocks with high yields often find equities with substantial income distributions that are greatly outside of investor’s target price range.
However, income investors can reach for equities that provide similar levels of dividend yield at significantly more affordable prices. However, as all investors know, above-average dividend yields are nothing more than a good starting point for additional analysis. In addition to high yields, dividend stocks must meet additional performance criteria to warrant a consideration for becoming portfolio-worthy options.
Instead of doing their own research, investors could take a shortcut and invest in high dividend stock ETFs or pick their investment from indices that track equities with reliable records of strong and rising income distributions like the Dividend Aristocrats or the Dividend Kings.
However, investors who prefer to conduct their own research and customize their requirements can conduct their own analysis. Online screening tools — like the Dividend Screener available at DividendInvestor.com — offer a wide array of filters for honing in on the equities that meet the investor’s specific needs and wants.
In addition to above-average yields, the 20 dividend stocks on the list below meet additional requirements to ensure high probability of strong returns over the near term. Since the dividend yield is a simple ratio of the total annual dividend over the current share price, a yield increase might be a misleading metric. A sudden share price drop will increase the dividend yield. This sudden dividend yield enhancement might look enticing. However, losses from a falling share price will almost always outweigh gains from rising dividend distributions to deliver overall total losses.
Therefore, instead of choosing equities based solely on high yields, all equities on the list below meet additional criteria. In addition to a yield of at least 3%, all equities have a market capitalization of at least $1 billion, have delivered a positive share price return over the past 12 months, and are rated by Stock Rover as strong dividend payers and financially stable entities. Also, the share prices of all equities on this list closed on September 23, 2021, at no more than $20 per share.
| Ticker | Sector | Consecutive Annual Dividend Hikes | Market Cap | Latest Close Price | Projected 12 Month Dividend Yield | Trailing 12 Month Dividend Yield |
|---|---|---|---|---|---|---|
| BSBR | Financials | 0 | $0 | $4.04 | 1.73% | 5.63% |
| EBR | Utilities | 0 | $5.34B | $5.90 | 1.02% | 0.99% |
| ORAN | 1 | $12.87B | $11.15 | 0.00% | 6.99% | |
| TEF | IT & Communications | 1 | $22.34B | $4.42 | 7.24% | 7.35% |
| AM | Energy | 0 | $7.27M | $15.11 | 5.96% | 5.96% |
| CIG | Utilities | 3 | $47.88B | $1.89 | 1.06% | 13.43% |
| OCSL | Financials | 0 | $1.32B | $16.04 | 13.72% | 14.15% |
| VIV | IT & Communications | 0 | $0 | $8.15 | 1.23% | 4.81% |
| GOGL | Industrials | 0 | $1.31B | $9.11 | 13.17% | 13.17% |
| CIG__C | Utilities | 4 | $0 | $2.43 | 0.82% | 10.66% |
| BSM | Energy | 3 | $3.06B | $14.54 | 10.32% | 11.00% |
| PBR__A | Energy | 0 | $22.78B | $12.60 | 5.95% | 19.45% |
| PBR | Energy | 0 | $59.13B | $13.61 | 5.51% | 17.05% |
| KEP | Utilities | 0 | $9.50B | $7.42 | 0.00% | N/A |
| DOC | Financials | 0 | $14.52B | $20.76 | 5.78% | 5.78% |
| KT | IT & Communications | 0 | $10.12B | $16.24 | 1.91% | 7.72% |
| FHN | Financials | 0 | $10.70B | $20.19 | 2.97% | 2.97% |
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10 High Dividend Stocks Under $20
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