14 Best Cheap Dividend Stocks to Buy Under $10

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10. Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Dividend Yield: 6.44%

Closing Share Price as of August 28, 2025: $8.07

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) gains an entry into our list of 14 best cheap dividend stocks to buy under $10. The company’s financial flexibility is impacted by mixed Q4 results and credit agreement amendments.

Tennessee-based company, Smith & Wesson Brands, Inc. (NASDAQ:SWBI) is a leading American firearms manufacturer known for its wide range of handguns, including revolvers and semi-automatic pistols, as well as long guns such as rifles and shotguns. Covering also the firearm-related accessories segment, the company is a prominent brand for law enforcement, military, and civilian markets.

On June 18, 2025, Smith & Wesson Brands, Inc. (NASDAQ:SWBI) released its Q4 earnings report. The report indicated a 11.6% decline in net sales compared to the same quarter the year prior. On the other hand, the revenue from new products accounted for 43.9% of total revenue in the fourth quarter, suggesting a notable demand for the same in the market. Also, the company gained market share in handguns, with shipments declining less than the overall market, indicating a better positioning than its peers.

Later, on August 15, 2025, On August 15, 2025, along with its subsidiaries, Smith & Wesson Brands, Inc. (NASDAQ:SWBI) amended its credit agreement with TD Bank and other financial institutions. The First Amendment allows for specific financial data exclusion and changes ratio calculations in 2026, impacting financial flexibility.

Investors interested in the company’s significant dividend yield of 6.44% can purchase the stock at $8.07 as of August 28, 2025.

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