In this article, we will be looking at the 14 best cheap dividend stocks to buy under $10.

Political headlines and central decisions are influencing the investor sentiment in the current market. This week, for instance, President Donald Trump’s announcement to fire Federal Reserve Governor Lisa Cook sent shockwaves through global markets. It raised new questions about the Fed’s independence as well as the future path of interest rates. According to CNBC, the equities initially rallied, but the U.S. dollar weakened, and gold prices climbed as investors looked for safer alternatives. The phenomenon highlights the market’s sensitivity to both monetary policy and political risk.

Amid such uncertainty, the dividend-paying stocks under $10 become an ideal option for investors seeking steady returns with the exposures inherent to high-priced securities. Rate cuts now appear increasingly likely, with futures markets pricing in an 89% probability of a Fed reduction at the September meeting. The move would immensely benefit income-based strategies. Growth stocks may continue to attract attention, but history shows that when interest rates trend downward, dividend stocks shine among investors.

With that context, we have hand-picked for you 14 of the best cheap dividend stocks to buy under $10. The top 5 might just be what your portfolio needs.

Our Methodology

When putting together our list of 14 best cheap dividend stocks to buy under $10, we followed a few criteria. Primarily, we sorted only those stocks with a dividend yield of 5% or more that are available for $10 or less. It is to ensure a notable income for the investors at the lowest price. Additionally, we also filtered our list with an anticipated EPS growth rate of 10% or more in the next year, to include those stocks with strong, stable earnings. We have ranked the entries in our list based on the dividend yield. All the data used in the article was taken from financial databases and analyst reports, with all information updated as of August 28, 2025.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

14. Gray Media, Inc. (NYSE:GTN)

Dividend Yield: 5.25%

Closing Share Price as of August 28, 2025: $6.09

Gray Media, Inc. (NYSE:GTN) is among our list of 14 best cheap dividend stocks to buy under $10. Despite the mixed second-quarter results, the company thrives with the renewal of Fox affiliation agreements and a new video streaming deal.

Gray Media, Inc. (NYSE:GTN), formerly known as Gray Television, Inc., is a publicly traded television broadcasting company headquartered in Georgia. As one of the largest television station operators in the U.S, the company owns and/or operates stations and digital assets in numerous markets across the country. Its portfolio includes affiliates of major networks like ABC, CBS, NBC, and FOX.

On August 8, 2024, Gray Media, Inc. (NYSE:GTN) reported its second-quarter earnings results. The report indicated a 7% decline in the total revenue compared to the same quarter previous year. Later, on August 18, 2025, Gray Media, Inc. (NYSE:GTN) announced reaching an agreement with the Fox Television Network. The agreement extends the network affiliations for all the company’s Fox-affiliated television stations across 27 markets.

Additionally, on August 21, 2025, the company reported a new video streaming deal with Google Cloud. The deal involves a full end-to-end solution on Google Cloud, powered by Quickplay. The company’s President and Co-CEO, Pat LaPlatney, made the following statement:

“With this game-changing infrastructure, we are leading the charge into the future of local streaming, one personalized viewing experience at a time.”

Investors interested in purchasing the stock must take note of its current dividend yield of 5.25% and the closing stock price $6.09 as of August 28, 2025.

13. Banco Bradesco S.A. (NYSE:BBD)

Dividend Yield: 5.53%

Closing Share Price as of August 28, 2025: $3.11

Banco Bradesco S.A. (NYSE:BBD) joins the ranks of 14 best cheap dividend stocks to buy under $10. The company denies an acquisition rumor and reports strong earnings during the second quarter.

Based in Brazil, Banco Bradesco S.A. (NYSE:BBD) is one of the largest financial services companies in the country. Listed on the New York Stock Exchange as an American Depositary Receipt (ADR), the bank offers a wide range of financial products and services. Its product portfolio includes services such as commercial banking, insurance, and asset management. The company serves both individuals and businesses in Brazil and internationally.

On July 24, 2025, Banco Bradesco S.A. (NYSE:BBD) provided clarification on the rumours regarding the acquisition of Alelo by iFood for R$5 billion. The company holds notable shares in Alelo, and an acquisition of the latter could affect Banco Bradesco S.A. (NYSE:BBD)’s share price. But the company denied receiving any formal proposals or agreements regarding the acquisitions, thus ending the rumor for the time being.

In its Q2 earnings call, released on July 30, 2025, the company reported a net income of $6.1 billion, reaching a year-on-year growth of 28.6%. The revenue growth also stood positive at 15.1%. The bank also reported that the use of Gen AI has improved productivity and anticipates a bigger contribution to growth in the upcoming quarters.

Banco Bradesco S.A. (NYSE:BBD) offers a dividend yield of 5.53% and its price as of August 28, 2025, stands at $3.11.

12. SunCoke Energy, Inc. (NYSE:SXC)

Dividend Yield: 6.32%

Closing Share Price as of August 28, 2025: $7.59

SunCoke Energy, Inc. (NYSE:SXC) gains a spot in our list of 14 best cheap dividend stocks to buy under $10. Amid a negative second quarter, the company acquires Phoenix Global, extends a revolving credit facility, and declares a dividend payable.

Illinois-based company, SunCoke Energy, Inc. (NYSE: SXC), is engaged in the business of raw material processing and handling. In the U.S., it is the largest independent producer of high-quality metallurgical coke – a key component for blast furnace steel production. The company uses a heat-recovery coke-making technology and relies on an extensive logistics network to serve its customers.

In its second quarter earnings report, released on July 30, 2025, it reported a revenue of $434.1 million, down 7.8% compared to the same quarter in 2024. Net income was also down by 91%. On the other hand, in the earnings call, the company announced the acquisition of Phoenix Global for $325 million. On August 1, 2025, it completed the acquisition and anticipates an increase in value through expansion in its operations, including electric arc furnace capabilities and international markets.

SunCoke Energy, Inc. (NYSE:SXC) also reported extending its revolving credit facility to July 2030, maintaining similar covenants to the previous agreement. Additionally, it has also declared a $0.12 per share dividend payable to its existing shareholders on September 2, 2025.

SunCoke Energy, Inc. (NYSE:SXC) trades at $7.59 as of August 28, 2025, and promises a 6.32% dividend yield, making it attractive for income-based investors.