20 High Dividend Stocks Under $20
By: Ned Piplovic,
Investors looking for high dividend stocks with high yields often find equities with substantial income distributions that are greatly outside of investor’s target price range.
However, income investors can reach for equities that provide similar levels of dividend yield at significantly more affordable prices. However, as all investors know, above-average dividend yields are nothing more than a good starting point for additional analysis. In addition to high yields, dividend stocks must meet additional performance criteria to warrant a consideration for becoming portfolio-worthy options.
Instead of doing their own research, investors could take a shortcut and invest in high dividend stock ETFs or pick their investment from indices that track equities with reliable records of strong and rising income distributions like the Dividend Aristocrats or the Dividend Kings.
However, investors who prefer to conduct their own research and customize their requirements can conduct their own analysis. Online screening tools — like the Dividend Screener available at DividendInvestor.com — offer a wide array of filters for honing in on the equities that meet the investor’s specific needs and wants.
In addition to above-average yields, the 20 dividend stocks on the list below meet additional requirements to ensure high probability of strong returns over the near term. Since the dividend yield is a simple ratio of the total annual dividend over the current share price, a yield increase might be a misleading metric. A sudden share price drop will increase the dividend yield. This sudden dividend yield enhancement might look enticing. However, losses from a falling share price will almost always outweigh gains from rising dividend distributions to deliver overall total losses.
Therefore, instead of choosing equities based solely on high yields, all equities on the list below meet additional criteria. In addition to a yield of at least 3%, all equities have boosted their annual dividend payout last year, have a market capitalization of at least $1 billion and have delivered a positive total return over the past 12 months. Also, the share prices of all equities on this list closed on February 19, 2020, at no more than $20 per share.
20 High Dividend Stocks Under $20: #20
Two Harbors Investment Corporation (NYSE:TWO)
Dividend Yield: 10.34%
Market Cap: $4.22B Billion
Sector: Financials
First Dividend: 2017
Dividends Paid: 3 years
Consecutive Annual Hikes: 2 years
Distribution Frequency: Quarterly
January 22, 2020 Closing Price: $15.48
Total Return (1Y, 3Y, 5Y): 23%, 39%, 41%
20 High Dividend Stocks Under $20: #19
Ares Capital Corporation (NASDAQ:ARCC)
Dividend Yield: 8.42%
Market Cap: $8.19B Billion
Sector: Financials
First Dividend: 2004
Dividends Paid: 16 years
Consecutive Annual Hikes: 2 years
Distribution Frequency: Semi-Annually
January 22, 2020 Closing Price: $19.01
Total Return (1Y, 3Y, 5Y): 23%, 37%, 61%
20 High Dividend Stocks Under $20: #18
Hercules Capital, Inc. (NYSE:HTGC)
Dividend Yield: 8.38%
Market Cap: $1.60B Billion
Sector: Financials
First Dividend: 2005
Dividends Paid: 15 years
Consecutive Annual Hikes: 2 years
Distribution Frequency: Semi-Annually
January 22, 2020 Closing Price: $15.28
Total Return (1Y, 3Y, 5Y): 28%, 26%, 39%
20 High Dividend Stocks Under $20: #17
Mobile TeleSystems PJSC (NYSE:MBT)
Dividend Yield: 8.36%
Market Cap: $10.68B Billion
Sector: IT & Communications
First Dividend: 2002
Dividends Paid: 18 years
Consecutive Annual Hikes: 1 year
Distribution Frequency: Semi-Annually
January 22, 2020 Closing Price: $10.77
Total Return (1Y, 3Y, 5Y): 55%, 34%, 56%
20 High Dividend Stocks Under $20: #16
American Finance Trust, Inc. (NASDAQ:AFIN)
Dividend Yield: 8.20%
Market Cap: $1.43B Billion
Sector: Financials
First Dividend: 2018
Dividends Paid: 2 years
Consecutive Annual Hikes: 1 year
Distribution Frequency: Monthly
January 22, 2020 Closing Price: $13.41
Total Return (1Y, 3Y, 5Y): 32%, 0%, 0%
20 High Dividend Stocks Under $20: #15
Arbor Realty Trust, Inc. (NYSE:ABR)
Dividend Yield: 8.11%
Market Cap: $1.65B Billion
Sector: Financials
First Dividend: 2004
Dividends Paid: 16 years
Consecutive Annual Hikes: 7 years
Distribution Frequency: Quarterly
January 22, 2020 Closing Price: $14.80
Total Return (1Y, 3Y, 5Y): 32%, 147%, 165%
20 High Dividend Stocks Under $20: #14
Ladder Capital Corporation (NYSE:LADR)
Dividend Yield: 7.26%
Market Cap: $2.01B Billion
Sector: Financials
First Dividend: 2015
Dividends Paid: 5 years
Consecutive Annual Hikes: 1 year
Distribution Frequency: Quarterly
January 22, 2020 Closing Price: $18.72
Total Return (1Y, 3Y, 5Y): 14%, 65%, 44%
20 High Dividend Stocks Under $20: #13
Golub Capital BDC, Inc. (NASDAQ:GBDC)
Dividend Yield: 7.16%
Market Cap: $2.47B Billion
Sector: Financials
First Dividend: 2010
Dividends Paid: 10 years
Consecutive Annual Hikes: 2 years
Distribution Frequency: Semi-Annually
January 22, 2020 Closing Price: $18.43
Total Return (1Y, 3Y, 5Y): 11%, 23%, 46%
20 High Dividend Stocks Under $20: #12
Redwood Trust, Inc. (NYSE:RWT)
Dividend Yield: 6.69%
Market Cap: $2.02B Billion
Sector: Financials
First Dividend: 1995
Dividends Paid: 25 years
Consecutive Annual Hikes: 2 years
Distribution Frequency: Quarterly
January 22, 2020 Closing Price: $17.95
Total Return (1Y, 3Y, 5Y): 22%, 27%, 19%
20 High Dividend Stocks Under $20: #11
Credit Suisse Group AG (NYSE:CS)
Dividend Yield: 5.27%
Market Cap: $16.79B Billion
Sector: Financials
First Dividend: 1993
Dividends Paid: 27 years
Consecutive Annual Hikes: 1 year
Distribution Frequency: Semi-Annually
January 22, 2020 Closing Price: $13.65
Total Return (1Y, 3Y, 5Y): 18%, 0%, -29%
20 High Dividend Stocks Under $20: #10
Brandywine Realty Trust (NYSE:BDN)
Dividend Yield: 4.68%
Market Cap: $2.86B Billion
Sector: Financials
First Dividend: 1996
Dividends Paid: 24 years
Consecutive Annual Hikes: 4 years
Distribution Frequency: Quarterly
January 22, 2020 Closing Price: $16.24
Total Return (1Y, 3Y, 5Y): 6%, 13%, 20%
20 High Dividend Stocks Under $20: #9
Independence Realty Trust, Inc. (NYSE:IRT)
Dividend Yield: 4.41%
Market Cap: $1.48B Billion
Sector: Financials
First Dividend: 2013
Dividends Paid: 7 years
Consecutive Annual Hikes: 1 year
Distribution Frequency: Quarterly
January 22, 2020 Closing Price: $16.31
Total Return (1Y, 3Y, 5Y): 61%, 97%, 112%
20 High Dividend Stocks Under $20: #8
Huntington Bancshares, Inc. (NASDAQ:HBAN)
Dividend Yield: 4.31%
Market Cap: $14.18B Billion
Sector: Financials
First Dividend: 1912
Dividends Paid: 108 years
Consecutive Annual Hikes: 9 years
Distribution Frequency: Quarterly
January 22, 2020 Closing Price: $13.91
Total Return (1Y, 3Y, 5Y): 5%, 10%, 51%
20 High Dividend Stocks Under $20: #7
Barclays PLC (NYSE:BCS)
Dividend Yield: 3.85%
Market Cap: $15.14B Billion
Sector: Financials
First Dividend: 1990
Dividends Paid: 30 years
Consecutive Annual Hikes: 2 years
Distribution Frequency: Semi-Annually
January 22, 2020 Closing Price: $9.08
Total Return (1Y, 3Y, 5Y): 19%, -14%, -33%
20 High Dividend Stocks Under $20: #6
Regions Financial Corporation (NYSE:RF)
Dividend Yield: 3.80%
Market Cap: $15.73B Billion
Sector: Financials
First Dividend: 1968
Dividends Paid: 52 years
Consecutive Annual Hikes: 7 years
Distribution Frequency: Quarterly
January 22, 2020 Closing Price: $16.31
Total Return (1Y, 3Y, 5Y): 7%, 16%, 93%
20 High Dividend Stocks Under $20: #5
First Horizon National Corporation (NYSE:FHN)
Dividend Yield: 3.79%
Market Cap: $4.92B Billion
Sector: Financials
First Dividend: 1895
Dividends Paid: 125 years
Consecutive Annual Hikes: 8 years
Distribution Frequency: Quarterly
January 22, 2020 Closing Price: $15.82
Total Return (1Y, 3Y, 5Y): 6%, -14%, 26%
20 High Dividend Stocks Under $20: #4
KeyCorp (NYSE:KEY)
Dividend Yield: 3.78%
Market Cap: $19.27B Billion
Sector: Financials
First Dividend: 1963
Dividends Paid: 57 years
Consecutive Annual Hikes: 9 years
Distribution Frequency: Quarterly
January 22, 2020 Closing Price: $19.56
Total Return (1Y, 3Y, 5Y): 17%, 12%, 58%
20 High Dividend Stocks Under $20: #3
Newmark Group, Inc. (NASDAQ:NMRK)
Dividend Yield: 3.53%
Market Cap: $1.80B Billion
Sector: Financials
First Dividend: 2018
Dividends Paid: 2 years
Consecutive Annual Hikes: 1 year
Distribution Frequency: Quarterly
January 22, 2020 Closing Price: $11.32
Total Return (1Y, 3Y, 5Y): 14%, 0%, 0%
20 High Dividend Stocks Under $20: #2
Algonquin Power & Utilities Corporation (NYSE:AQN)
Dividend Yield: 3.40%
Market Cap: $4.22B Billion
Sector: Utilities
First Dividend: 2009
Dividends Paid: 11 years
Consecutive Annual Hikes: 10 years
Distribution Frequency: Quarterly
January 22, 2020 Closing Price: $16.49
Total Return (1Y, 3Y, 5Y): 59%, 100%, 129%
20 High Dividend Stocks Under $20: #1
Steelcase, Inc. (NYSE:SCS)
Dividend Yield: 3.06%
Market Cap: $1.69B Billion
Sector: Industrials
First Dividend: 1998
Dividends Paid: 22 years
Consecutive Annual Hikes: 6 years
Distribution Frequency: Quarterly
January 22, 2020 Closing Price: $18.94
Total Return (1Y, 3Y, 5Y): 12%, 28%, 18%
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Ned Piplovic is the assistant editor of website content at Eagle Financial Publications. He graduated from Columbia University with a Bachelor’s degree in Economics and Philosophy. Prior to joining Eagle, Ned spent 15 years in corporate operations and financial management. Ned writes for www.DividendInvestor.com and www.StockInvestor.com.
