Are you looking for high-yielding dividend stocks that won’t break the bank? Look no further! We’ve curated a list of the best dividend stocks trading under $10 per share that have strong buy ratings from analysts. Let’s dive into the top contenders:
Oxford Lane Capital (OXLC)
Oxford Lane Capital Corp. (NASDAQ: OXLC) is a closed-end fund specializing in collateralized loan obligations. With impressive financial results and a forward dividend yield of 19.98%, OXLC is a top choice for investors looking for solid returns.
OFS Credit Company (OCCI)
OFS Credit Company (NASDAQ: OCCI) focuses on generating current income and capital appreciation through strategic investments in structured credit instruments. With a forward annual dividend yield of 17.34%, OCCI offers a lucrative opportunity for investors.
Nordic American Tanker Shipping Ltd (NAT)
Nordic American Tanker Shipping (NYSE: NAT) specializes in efficient crude oil transportation. Despite some challenges in Q1 2024, NAT offers a forward dividend yield of 13.83%, making it a strong contender for investors seeking stable returns.
Overall, these dividend stocks under $10 present attractive investment opportunities with strong growth potential. Analysts have given them a “Strong Buy” rating, indicating confidence in their future performance. Consider adding these stocks to your portfolio for long-term wealth accumulation.