10 Cheap Dividend Stocks to Buy Under $20

Continuing our theme this weekend of cheaply accessible investments, today with our emphasis on income, here are the latest recommendations from U.S. News Invested for the top 10 cheap dividend stocks.  Hope everyone had a great weekend.  

MARCH 22, 2024 Invested Advice, rankings and stock market news for investors.

Happy Friday, investors! Stocks hit new highs, Apple faces a DOJ antitrust suit and Reddit shoots for the sky in its IPO. Highlights of today's newsletter include our market insights plus these new articles: 10 Best Cheap Dividend Stocks to Buy Under $20 Should You Buy Reddit (RDDT) Stock? How to Decide 7 Best Thematic ETFs to Buy in 2024 A History of Bitcoin, the First Cryptocurrency TODAY'S FEATURED STOCK STORY 10 Cheap Dividend Stocks to Buy Under $20 The U.S. economy is likely headed for a slowdown in 2024, and inflation remains elevated. One way for investors to offset the negative impact of inflation is to generate regular income via dividend stocks. Historically, dividends have accounted for about 40% of the total stock market return since 1930, but they have accounted for more than half of the market's total return during decades in which inflation was high. Fortunately, there are plenty of dividend stocks out there that don't cost an arm and a leg. Here are 10 of the best dividend stocks under $20, according to CFRA: Vale SA (ticker: VALE). Vale is a Brazilian miner and one of the world's largest iron ore and nickel producers. Vale shares are down 18.4% this year through March 20, the worst performance of any stock on this list. But the stock's poor performance has driven its dividend yield up to an impressive 14.2%, the highest on this list. Analyst Matthew Miller says Vale faces liability risks associated with the 2019 Brumadinho dam disaster in Brazil, but its cash flow profile remains impressive and Vale is prioritizing safety. CFRA has a "buy" rating and $17 price target for VALE stock, which closed at $12.38 on March 20. Energy Transfer LP (ET). Energy Transfer is a midstream U.S. oil and gas infrastructure company that transports and stores hydrocarbons. The company also has an alternative energy group focused on developing renewable energy technology for the future. Analyst Stewart Glickman is bullish on the company's Permian Basin exposure, sizable backlog and high-quality assets in the U.S. Gulf Coast region, particularly in Mont Belvieu, Texas. CFRA has a "buy" rating and $16 price target for ET stock, which closed at $15.66 on March 20. Click here to continue reading.   STOCKIMPLIED UPSIDE OVER MARCH 20 CLOSEFORWARD DIVIDEND YIELD Vale SA (ticker: VALE)37.3%14.2% Energy Transfer LP (ET)2.2%8.1% Cenovus Energy Inc. (CVE)4%2.2% Orange SA (ORAN)12%6.5% Telefonica SA (TEF)5.1%7.6% Nokia Corp. (NOK)53.2%3.6% Regions Financial Corp. (RF)11.3%4.9% Healthpeak Properties Inc. (DOC)19.5%6.8% Aegon Ltd. (AEG)10.9%5.5% Patterson-UTI Energy Inc. (PTEN)19.4%2.7%