14 Best Cheap Dividend Stocks to Buy Under $10

Page 6 of 12

7. Granite Ridge Resources, Inc. (NYSE:GRNT)

Dividend Yield: 7.77%

Closing Share Price as of August 28, 2025: $5.66

Granite Ridge Resources, Inc. (NYSE:GRNT) finds its way among our list of 14 best cheap dividend stocks to buy under $10. Analyst opinion remains mixed despite a strong quarter and top executives’ bold purchases.

Based in Texas, Granite Ridge Resources, Inc. (NYSE:GRNT) is a hybrid energy and investment company. Founded in 2022, the non-operated oil and natural gas exploration and production company invests in a diversified portfolio of wells and acreage across various U.S. basins, though it does not drill or operate the wells itself. Instead, the company partners with and is managed by proven operators.

Granite Ridge Resources, Inc. (NYSE:GRNT) reported a strong performance in its Q2 2025 earnings call. During the quarter, the company generated total oil and gas sales revenue of $109 million, an increase of 20% compared to Q2 2024. Net income stood at $25.1 million, or $0.19 per share, while production saw an increase of 37% year-over-year, with oil production up 46%.

The company’s top executives made bold moves following the earnings call release, with the latest being Director John McCartney’s significant purchase of 5,000 shares on August 20, 2025. The transaction, valued at $26,250, boosts confidence in the stock. However, the consensus analyst rating is split between Hold and Buy, though the 1-year median price target is significantly high at 35.50%.

Granite Ridge Resources, Inc. (NYSE:GRNT) remains a strong income pick, with a dividend yield of 7.77% while trading at a cheap price of $5.66.

Page 6 of 12