14 Best Cheap Dividend Stocks to Buy Under $10

11. VAALCO Energy, Inc. (NYSE:EGY)

Dividend Yield: 6.41%

Closing Share Price as of August 28, 2025: $3.90

VAALCO Energy, Inc. (NYSE:EGY) holds a place in the list of 14 best cheap dividend stocks to buy under $10. The company declares quarterly cash dividends after achieving its production guidance and reiterating its full-year guidance.

VAALCO Energy, Inc. (NYSE:EGY) is an independent energy company focused on the acquisition, exploration, development, and production of crude oil and natural gas. Headquartered in Texas, the company’s primary operations are concentrated in Africa, while holding interests in various blocks in countries like Gabon and Angola.

The company announced a revenue of $96.9 million for the second quarter of 2025, matching the analyst estimates. Meanwhile, the company’s EPS $0.081 surpassed the analyst estimates. Reported on August 7, 2025, the earnings call also highlighted producing 16,956 net revenue interest (NRI) barrels of oil equivalent per day (BOEPD), which stands above the high end of guidance.

VAALCO Energy, Inc. (NYSE:EGY) further reiterated full-year guidance. The guidance earlier included a reduction to capital expenditures in Q1 2025 by approximately 10%. The company aims to achieve this target without compromising full-year production or sales guidance. Additionally, the company has declared a quarterly cash dividend of $0.0625 per share of common stock to be paid to existing shareholders on September 19, 2025.

The stock is available to investors at $3.90 per share as of August 28, 2025, with a steady 6.41% dividend yield.