2 Dividend Stocks Under $5 a Share
Low priced stocks that pay dividends have a few advantages. The lower share price allows for greater diversification. The dividends provide the investor with quicker return or capital and can reduce volatility. You may not be aware of them, but there are actually more than half a dozen stocks, including closed end funds, that sell for less than $5 a share and pay a dividend with yields greater than 6%.
WallStreetNewsNetwork.com just updated its list of high yield stocks selling for $5 or less, with yields ranging from 0.4% to 16.5%. Just remember that the yields are based on historical payments, and the dividends can be adjusted, reduced, or terminated at any time. I also believe that extremely high yields may not be sustainable.
Electro-Sensors Inc. (ELSE), which makes and sells industrial production monitoring and process control systems, has a yield of 3.5% and recently traded at 4.64. The company, which trades at 28 times earnings, has been pa ying quarterly dividends since 1995. Earnings for the latest quarter ending September 30 were down 16.9%. The company reports earnings for the quarter ending December 31 on February 21.
Euroseas Ltd. (ESEA) owns and operates dry bulk ocean transportation carriers that transport iron ore, coal, and grain. The stock yields 6.6% and recently traded at 3.62 per share. Quarterly dividends have been paid since 2006. The stock has a forward price to earnings ratio of 21. Earnings for the latest reported quarter were negative, and the company reports again on February 28.
Disclosure: Author does not own any of the above.Read More>>
Top 5 Electric Utility Stocks To Buy For 2015
Top 5 Safest Companies To Own For 2015
Top Rising Companies For 2015
Best Chemical Companies To Own For 2015
Top 10 Medical Stocks For 2015
Top 10 Growth Companies For 2015
Hot Net Payout Yield Companies For 2015
5 Best Small Cap Stocks To Buy For 2015
Top 10 Specialty Retail Stocks To Watch For 2015
Top Communications Equipment Stocks To Own For 2015
Best Tech Stocks To Buy For 2016
Top Valued Companies To Buy For 2016
Best Semiconductor Stocks To Own For 2016
Best Long Term Companies To Own For 2016
Top 5 Gas Utility Companies To Buy For 2016
Top Healthcare Equipment Companies To Own For 2016
Top 10 Dividend Companies For 2016
Top 10 Safest Stocks For 2016
Top Wireless Telecom Companies To Own For 2016
5 Best India Stocks For 2016