Top 7 Affordable Dividend Stocks Under $10 to Invest in Now

Aquib Nawab

Finance

Image Credit: Time

1. Banco Santander SA (SAN)

A major Spanish bank with global reach, has surged 40%, outpacing the S&P 500. Analyst Johann Scholtz notes its affordability and earnings stability. Morningstar rates it "buy" with a $5.90 fair value (closing at $4.20 on Dec. 8) and a 2.9% dividend yield.

Credits: Santander

Credits: Seeking Alpha

2. Lloyds Banking Group PLC (LYG)

A UK-based financial powerhouse, excels in the UK banking sector. Stable deposits, strong margins, and strategic shifts to financial planning and SME loans make it a Morningstar "buy" with a $3.80 fair value (closing at $2.31 on Dec. 8) and a 5.4% dividend yield.

3. Barclays PLC (BCS)

A UK financial giant, confronts deposit challenges but excels in consumer, cards, and payments. With a leading UK credit card market share, diverse offerings, and European financing shift, it's a Morningstar "buy" at $10.10 (closing at $7.34 on Dec. 8) with a 5.2% dividend yield.

Credits: Capital

Credits: Bloomberg

4. Telefonica SA (TEF)

Spain's telecom leader, aims for sustained growth in key markets with a strategic focus. Analyst Javier Correonero supports the long-term vision. Morningstar backs it with a "buy" rating at $5.50 (closing at $4.31 on Dec. 8) and a 7.5% dividend yield.

5. Vodafone Group PLC (VOD)

A telecom leader in Germany, Italy, and Spain, offers an 11.1% dividend yield. Analysts foresee long-term success despite recent profit challenges. Morningstar recommends "buy" at $15 fair value (closing at $8.73 on Dec. 8) and a 11.1% dividend yield.

Credits: The coin republic

Credits: Seeking Alpha

6. Sirius XM Holdings Inc. (SIRI)

Leading satellite and internet radio provider to the auto industry. Analyst Neil Macker cites ad revenue growth. Morningstar suggests "buy" at $7.50 fair value (closing at $4.64 on Dec. 8) with a 2.3% dividend yield.

7. Nokia Corp. (NOK)

A global telecom equipment and map data vendor, down 36% YTD due to AT&T's shift to Ericsson. Analyst Matthew Dolgin sees potential in Open RAN contracts. Morningstar advises "buy" at $5.80 target (closed at $3.18 on Dec. 8) with a 4% dividend yield.

Credits: Reuters

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