Dividend stocks, that sweet taste of compound interest, Warren Buffet kind of stocks. There are so many well-flavored words describing stocks that pays you interest for just owing them.
But finding out those sweet words are not why you are on this page. So let’s get to it.
If you are looking for dividend penny stocks, here are cheap dividend stocks under $5 and $10:
1. Micro Focus International Plc
Micro Focus International plc, an infrastructure software company, develops, sells, and supports software products and solutions to small and medium size enterprises.
The company offers infrastructure software products that are managed on an investment portfolio. Its product portfolio includes application modernization and connectivity, application delivery management, and IT operations management, as well as security, information management, and Governance.
Micro Focus International plc was founded in 1976 and is headquartered in Newbury, the United Kingdom.
2. Lumen Technologies Inc
Lumen Technologies Inc, a facilities-based communications company, provides various integrated services under CenturyLink’ name to business and residential customers in the United States and internationally.
The company operates through five segments: International and Global Accounts Management, Enterprise, Small and Medium Business, Wholesale, and Consumer. It offers IP and data services, including VPN data network, Ethernet, internet protocol (IP), and content delivery services.
Lumen Technologies Inc. also offers transport and infrastructure services comprising high bandwidth optical networks; unlit optical fiber networks, and related professional and management services; private line services, a direct circuit or channel specifically dedicated for connecting two or more organizational sites; colocation and data center services; and consulting services, which include network management, installation and maintenance of data equipment, and building of proprietary fiber-optic broadband networks for government and business customers.
In addition, the company provides voice and collaboration services, including primary rate interface service, local inbound service, switched one-plus, toll free, long distance, and international services; and voice over internet protocol services, as well as satellite television services under DIRECTV name.
Further, it offers IT and managed service that include network, hosting, public and private cloud, and other IT services, as well as intuitive management tools. Additionally, the company is involved in leasing and subleasing of space.
As of December 31, 2019, it served approximately 4.7 million broadband subscribers.
Lumen Technologies Inc was founded in 1968 and is headquartered in Monroe, Louisiana. In 2020, the company’s name was changed from CenturyLink Inc to Lumen Technologies Inc.
3. Blackrock Capital Investment Corp
BlackRock Capital Investment Corporation, formerly known as BlackRock Kelso Capital Corporation, is a Business Development Company specializing in investments in middle market companies.
The fund invests in all industries.
It prefers to invest between $10 million and $50 million and can invest more or less in companies with EBITDA or operating cash flow between $10 million and $50 million.
The fund invests in the form of senior and junior secured, unsecured, and subordinated debt securities and loans including cash flow, asset backed, and junior lien facilities and equity securities.
It’s equity investments can be structured in the form of warrants, preferred stock, common equity co-investments, and direct investments in common stock.
The fund’s debt investments are principally structured to provide for current cash interest and to a lesser extent non-cash interest, particularly with subordinated debt investments, through a pay-in-kind (PIK) feature.
It can also make non-control investments.
4. MIND CTI Ltd
MIND C.T.I. Ltd., together with its subsidiaries, designs, develops, markets, supports, implements, and operates real-time and offline convergent billing and customer care software solutions in the United States, the United Kingdom, Europe, Israel, and internationally.
The company offers billing and customer care solutions that support various services, such as voice, data, and content services, as well as prepaid, postpaid, and pay-in-advance payment models in a single platform. Its solutions also include a workflow engine to support the implementation of business processes, including subscriber registration, order management, trouble ticket, and debt collection; and an integral point of sale solution that covers all dealer, store and cashier management, and sales processes.
In addition, the company offers professional services comprising installation, turnkey project implementation services, customer support, training and maintenance services, software and process customization, and project management, as well as managed services, including day to day billing operational tasks primarily to its billing and customer care customers.
Further, it provides PhonEX ONE, a call management system that collects, records, and stores call information, which is used by corporations for telecom expense management, call accounting, traffic analysis, and fraud detection. The company offers its products directly, as well as through network equipment vendors and systems integrators, and resellers primarily to communication providers, such as traditional wireline and wireless, voice over IP, broadband IP network operators, LTE operators, cable operators, and mobile virtual network operators.
The company was founded in 1995 and is headquartered in Yokne’am Illit, Israel.
5. Lloyds Banking Group PLC
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally.
It operates through three segments: Retail; Commercial Banking; and Insurance and Wealth.
The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured loans, leasing solutions, credit cards, and other financial services to personal and small business customers.
The Commercial Banking segment provides lending, transactional banking, working capital management, risk management, and debt capital market services to small and medium-sized entities, corporates, and financial institutions.
The Insurance and Wealth segment offers life, home, and car insurance products; and pension, investment, and wealth management products and services.
It also provides digital and mobile banking, and telephone services, as well as advisory services for savings, investments, and planning for retirement.
The company offers its products and services under the Lloyds Bank, Halifax, Bank of Scotland, Scottish Widows, MBNA, Schroders Personal Wealth, Black Horse, Lex Autolease, Birmingham Midshires, LDC, IWeb, and Agricultural Mortgage Corporation brands.
Lloyds Banking Group plc was founded in 1695 and is headquartered in London, the United Kingdom.
6. Annaly Capital Management, Inc.
Annaly Capital Management, Inc., a diversified capital manager, invests in and finances residential and commercial assets.
The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.
Annaly Capital Management, Inc. also provides financing to private equity-backed middle market businesses; and operates as a broker-dealer.
The company has elected to be taxed as a real estate investment trust (REIT). As a REIT, it is not subject to federal income tax to the extent that it distributes its taxable income to its shareholders.
Annaly Capital Management, Inc. was founded in 1996 and is based in New York, New York.
7. Telefonica S.A.
Telefonica, S.A. operates as a diversified telecommunications group that provides fixed line and mobile telephony services.
Telefonica wants to enhance people’s lives and the performance of businesses as well as the progress of the communities where they operate by delivering innovative services based on information and communicationstechnologies.
The company operates in 24 countries and its total number of customers amounted to 315.7 million.
Telefónica has one of the most international profiles in the sector with more than 77% of its business outside its home market and a reference point in the Spanish and Portuguese speaking market.
The Group stands in seventh position in the sector Telco worldwide in terms of market capitalisation the 1st as an European integrated operator and in seventeenth position in the Eurostoxx 50 ranking, composed of the major companies in Europe (March 31st 2013).
Telefónica is a listed company. It has more than 1.5 million direct shareholders. Its capital traded on the continuous market on the Spanish Stock Exchanges (Madrid, Barcelona, Bilbao and Valencia) and on those of London, New York, Lima and Buenos Aires.
In Latin America, Telefónica gives service to more than 212.4 million customers as of the end of March 2013 becoming the leader operator in Brazil, Argentina, Chile and Peru and has substantial operations in Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Mexico, Nicaragua, Panama, Puerto Rico, Uruguay and Venezuela.
In Europe, on top of the Spanish operations, the Company has operating companies in the United Kingdom, Ireland, Germany, Czech Republic and Slovakia, providing services to more than 102.7 million customers as of the end of March 2013.
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2 thoughts on “7 Cheap Dividend Penny Stocks under $5 and $10”
I’ve just discovered your website, great job Henry and thanks for the time you’ve spent on it!
I would like to add an interesting dividend stock (slightly above 10USD, about 15USD as of today), that’s BP Midstream (BPMP). It provides a high steady (9-10%) yield that seems sustainable (90% payout). Definitively worth a look.
I agree with you, BPMP is a solid dividend stock with a 9% yield. It’s worth a look for sure.