13 Best Dividend Stocks to Buy Under $20

6. Ford Motor Company (NYSE:F)

Share Price as of July 18: $11.16

Ford Motor Company (NYSE:F) is one of the best dividend stocks under $20. The company has been aiming to revitalize its well-known brand through its Ford+ growth strategy, introduced a few years ago. This plan brings together vehicles with software and related services while centering the company’s focus on three main segments: Ford Blue, which covers traditional gas-powered and hybrid models; Ford Model e, which focuses on electric vehicles; and Ford Pro, which serves the commercial vehicle market.

In the first quarter of 2025, Ford Motor Company (NYSE:F) reported revenue of $40.7 billion, which showed a 5% decline from the same period last year. However, the revenue beat analysts’ estimates by $1.6 billion. The company noted that its solid balance sheet, which includes $27 billion in cash and $45 billion in total liquidity, offers the flexibility needed to pursue profitable growth opportunities while also navigating the current conditions in the industry.

Ford Motor Company (NYSE:F)’s cash position also remained stable during the quarter. The company generated an operating cash flow of $3.7 billion, up 2.3% from the prior-year quarter. It is a strong dividend payer and in recent years, it has made multiple special dividend payments. These additional distributions have supported its objective of returning 40% to 50% of its adjusted free cash flow to shareholders each year. Currently, the company offers a quarterly dividend of $0.15 per share and has a dividend yield of 5.29%, as of July 21.