Top Affordable Stocks Under $10 with Exceptional Dividend Payouts

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By: Aquib Nawab

Finance

Berry Corporation operates oil reserves in California and Utah, with lower volatility versus exploration companies. Trading at a cheap $9 stock price due to temporary factors, long-term value remains. Pays a massive 14.7% dividend yield for significant income.

1. Berry Corporation

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Trading at only $25 per share, Big 5 Sporting Goods has strong consumer brand relationships with stable free cash flow despite headwinds. Management is shareholder-friendly, paying a gigantic 10.53% dividend yield.

2. Big 5 Sporting Goods

Credits: Seeking Alpha

3. FAT Brands

FAT Brands owns a fast-growing portfolio of popular restaurant chains like Fatburger and Johnny Rockets. Expansion plans and cost synergies lay path for long-term growth. Rewards shareholders with an 8.5% dividend.

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Redwood Trust is a leading specialty finance lender in residential mortgages, providing credit even in uncertain times. Resilient business model generates reliable 9.22% dividend income for shareholders.

4. Redwood Trust

Credits: Linkedin

Vodafone is a leading global telecom company providing mobile, fixed line, broadband and IT services. With an extensive infrastructure network and over 300 million customers, they generate stable cash flows to support an exceptionally high 11.18% dividend yield.

5. Vodafone Group

Credits: Business Insider

6. Main Street Capital Corporation

Main Street Capital invests capital and provides financing guidance to small companies in America's heartland. With strong portfolio returns, it maintains steady dividend income of 9.8% to shareholders.

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Stag Industrial owns industrial real estate sites across 38 states, providing warehouse/distribution centers for e-commerce and more. Blue chip tenant relationships support reliable 8.3% dividends.

7. Stag Industrial Inc.

Credits: Stag Industrial

Trading below $10 per share, Prospect Capital Corporation invests capital into middle market companies poised for growth. With careful risk assessment, they pay investors durable high-yield 9.7% dividends.

8. Prospect Capital Corporation

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9. PennantPark Floating Rate Capital

PennantPark manages a diversified portfolio of high quality credit assets in U.S. middle market companies. With expertise in capital structuring and disciplined underwriting, they distribute a huge 12.8% dividend yield to investors.

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LTC Properties invests primarily in senior housing and skilled nursing facilities, which benefit from aging demographics. With a strong portfolio and growth pipeline, they deliver a generous 9.1% dividend to shareholders.

10. LTC Properties Inc.

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Annaly Capital Management pays investors a 9.5% dividend yield to finance and invest in high quality residential mortgages and mortgage-backed assets. Insulated from rate hikes, income stream is sustainable.

11. Annaly Capital Management Inc.

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