14 Best Cheap Dividend Stocks to Buy Under $10

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9. UWM Holdings Corporation (NYSE:UWMC)

Dividend Yield: 7.17%

Closing Share Price as of August 28, 2025: $5.58

UWM Holdings Corporation (NYSE:UWMC) secures a spot in our list of 14 best cheap dividend stocks to buy under $10. Following strong Q2 earnings, analysts are reiterating their Buy rating on the stock.

UWM Holdings Corporation (NYSE:UWMC) is the publicly traded indirect parent of United Wholesale Mortgage (UWM), which is one of the largest wholesale mortgage lenders in the U.S. The Michigan-based company, founded in 1986, offers a range of residential mortgage loans through a network of independent mortgage brokers.

On August 7, 2025, the company reported its second-quarter earnings, highlighting $39.7 billion of production, a 20% increase from the previous year’s Q2. With it, the company marks its best quarter since 2021. It also claimed heavy investment in AI technology, such as their AI-based underwriting system BOLT, which is used for improving loan processing efficiency. The positive outlook for the company is also notably influenced by the company’s intention to bring service in-house, which is expected to have a positive impact on its financials from 2026 onwards.

Following these developments, various analysts, including Barclays and BTIG, reiterated their Buy rating on the stock, signaling strong confidence in its growth prospects. However, the stock is expected to face a fall in price, with a 1-year median target set at -10.63%.

With shares priced at $5.58 as of August 28, 2025, UWM Holdings Corporation (NYSE:UWMC) provides investors a 7.17% yield, balancing affordability with reliable income.

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