14 Best Cheap Dividend Stocks to Buy Under $10

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6. Ready Capital Corporation (NYSE:RC)

Dividend Yield: 11.79%

Closing Share Price as of August 28, 2025: $4.24

Ready Capital Corporation (NYSE:RC) earns a rank among our list of 14 best cheap dividend stocks to buy under $10. The company’s second-quarter earnings call highlights sales and purchases capable of impacting its dividend capabilities.

Ready Capital Corporation (NYSE:RC) is a real estate finance company that originates, acquires, finances, and manages a diverse portfolio of commercial loans. Operating from its headquarters in New York, the company specializes in loans for small- to medium-sized balance commercial properties. The company particularly focuses on commercial real estate and commercial and industrial loans.

On August 8, 2025, the company announced its second-quarter earnings results. As per the report, Ready Capital Corporation (NYSE:RC) completed a significant bulk sale of $494 million in legacy multifamily bridge assets. Through the sale, the company generated net proceeds of $85 million, which is anticipated to improve its net interest margin.

During the quarter, the company also took ownership of a mixed-use asset in Portland, Oregon, including a Ritz-Carlton Hotel. With this move, the company avoided an expensive foreclosure process. Ready Capital Corporation (NYSE:RC) aims to stabilize the assets quickly. For the second half of 2025, the company anticipates modest earnings growth contributed by new originations, stabilization of the Portland asset, and increased SBA 7(a) lending volumes.

Offering a dividend yield of 11.79%, Ready Capital Corporation (NYSE:RC)’s stocks were available for purchase at $4.24 per share as of August 28, 2025.

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