15 Cheapest Stocks with Highest Dividends

In this article, we will take a look at the 15 Cheapest Stocks with Highest Dividends.

Dividend stocks are getting more attention in the current market, and analysts still expect dividend growth to stay positive this year. A report from S&P Global projects that total U.S. dividends will grow by 6.5% in 2026, reaching about $827 billion. That is a bit lower than the 7.3% growth seen in 2025. It suggests a more cautious pace. The 6.5% estimate also comes in below longer-term averages. Three-, five-, and ten-year CAGRs stand at 7.2%, 7.3%, and 7.4%.The firm expects all 24 sectors to post dividend growth in 2026. That is a change from 2025, when only the consumer durables and apparel sector saw a decline, down 0.4%.

Growth is expected to come from both value and growth areas. Banks, energy, financial services, and insurance are likely to drive steady dividend increases, supported by stable earnings and stronger balance sheets. Software and services are also expected to contribute. That is notable, as the sector is usually seen as growth-focused, but improving cash flow is starting to show up in dividends.

The report also pointed out that S&P 500 companies account for about 80% of total regular dividend payments in the US. For 2026, payouts from companies in the index are expected to rise by 6.5%. That would keep the five-year growth trend above 7%, with 7.2% in 2025 and 7.3% in 2026. As in the prior year, all sectors in the index are expected to grow dividends, though the drivers behind that growth are starting to shift.

Given this, we will take a look at some of the best stocks with the highest dividends.

Photo by Viacheslav Bublyk on Unsplash

Our Methodology:

For this list, we screened for dividend companies with share prices below $50, as of the close of April 2. Next, we identified stocks with forward P/E ratios below 20. From that group, we picked stocks with dividend yields around 4% or more, as of April 4. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment.

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15. Huntington Bancshares Incorporated (NASDAQ:HBAN)

Dividend Yield as of April 4: 3.93%

Share Price as of the Close of April 2: $15.79

Forward P/E Ratio: 10.06

On March 31, Morgan Stanley lowered its price recommendation on Huntington Bancshares Incorporated (NASDAQ:HBAN) to $21 from $23. It reiterated an Overweight rating on the shares. The analyst noted that the median bank stock in its coverage has declined about 5% over the past 30 days. This pullback was tied to concerns around the ongoing Middle East conflict and its potential impact on economic growth and inflation. There were also worries linked to private credit headlines. In response, the firm reduced price targets across the group by roughly 9% on average, reflecting lower valuation multiples as risk in the broader environment increased.

During the company’s Q4 2025 earnings call, management said it expects net interest income to grow around 10% to 13% in 2026. This outlook is supported by projected loan growth of 11% to 12% and deposit growth of 8% to 9%. They also expect fee revenues to increase between 13% and 16%. At the same time, core expenses are projected to rise about 10% to 11%. Baseline operating leverage is estimated at roughly 150 to 200 basis points.

Management added that the guidance already includes cost synergies from Veritex being fully realized by Q2, and from Cadence by Q4. Cadence is expected to contribute between $1.85 billion and $1.9 billion in net interest income, along with about $300 million in fee revenue for the year. On credit quality, net charge-offs are projected to range between 25 and 35 basis points. Losses are expected to come in at the lower end early in the period. They also highlighted ongoing investment in digital capabilities and continued expansion across new and existing markets. Management said that the current 2026 outlook for Huntington’s stand-alone growth in net interest income, assets, deposits, and fees generally comes in above 2025 levels.

Huntington Bancshares Incorporated (NASDAQ:HBAN) is a regional bank holding company. Through its main subsidiary, Huntington National Bank, and its affiliates, the company provides a broad range of services. These include banking, payments, wealth management, and risk management solutions for consumers, small and mid-sized businesses, corporations, municipalities, and other organizations.

14. Comcast Corporation (NASDAQ:CMCSA)

Dividend Yield as of April 4: 4.73%

Share Price as of the Close of April 2: $27.93

Forward P/E Ratio: 7.73

On April 1, Scotiabank lowered its price recommendation on Comcast Corporation (NASDAQ:CMCSA) to $34 from $35.25. It reiterated a Sector Perform rating on the shares. The firm said the US wireless pricing environment remains “competitive yet rational” and supportive of growth. The analyst added that the revised target reflects slightly lower FY EBITDA projections.

During Comcast’s Q4 2025 earnings call, Michael Cavanagh said 2026 is expected to be the company’s most significant year for broadband investment. He indicated that Comcast plans to shift most of its residential broadband customers to a simpler pricing and packaging structure by the end of the year. He also noted that a meaningful portion of customers currently on a free line are expected to transition to paid plans in the second half of the year.

Jason Armstrong said EBITDA may face some near-term pressure. This is mainly tied to ongoing reinvestment in pricing and efforts to improve the customer experience. He added that once this phase passes, most customers should be on the new broadband pricing structure, with better monetization in the wireless segment.

Comcast Corporation (NASDAQ:CMCSA) is a global media and technology company. It provides broadband, wireless, and video services through Xfinity, Comcast Business, and Sky. It also produces, distributes, and streams entertainment, sports, and news across its various brands.

13. Ford Motor Company (NYSE:F)

Dividend Yield as of April 4: 5.17%

Share Price as of the Close of April 2: $11.60

Forward P/E Ratio: 7.68

According to an April 2 Reuters report, Ford Motor Company (NYSE:F) reported a near 9% decline in U.S. sales for the first quarter, as ongoing affordability pressures led consumers to rethink large purchases. Higher financing costs and elevated vehicle prices played a role. The expiry of federal tax credits for electric vehicles also weighed on demand across the US.

Ford’s truck sales dropped 11.3% in the quarter ended March 31. Sport utility vehicle sales fell 7.8%, pointing to softer showroom traffic across its core lineup. Shares were down 2.5% in morning trading, in line with broader market weakness. The ongoing Middle East conflict added another layer of pressure. Rising energy prices, driven by the war, have strained household budgets. While higher fuel costs usually support interest in electric vehicles, analysts said demand may remain under pressure due to high prices and reduced incentives.

Sales of Ford’s electric models declined nearly 70% as demand weakened following the rollback of federal support. Affordability concerns have also pushed buyers toward lower-priced options. Automakers, including Ford, have responded by expanding entry-level variants. Combined sales of entry-level versions of the Maverick, Ranger, and Bronco Sport increased 8.4% during the quarter. Overall, Ford’s sales fell to 457,315 vehicles, down from 501,291 a year earlier.

Ford Motor Company (NYSE:F) is an automobile company. It develops and delivers Ford trucks, sport utility vehicles, commercial vans, and cars, along with Lincoln luxury vehicles and connected services. Its segments include Ford Blue, Ford Model e, Ford Pro, and Ford Credit.

12. BCE Inc. (NYSE:BCE)

Dividend Yield as of April 4: 5.23%

Share Price as of the Close of April 2: $24.5

Forward P/E Ratio: 13.23

On April 2, TD Securities downgraded BCE Inc. (NYSE:BCE) to Hold from Buy and set a C$37 price target. Analyst Vince Valentini reduced his average revenue per user (ARPU) growth estimates by 100 basis points across the next seven quarters for three major telecom players.

On March 16, Reuters reported that BCE plans to invest an additional $1.7 billion to build a 300-megawatt AI data center in Saskatchewan, with Cerebras Systems and CoreWeave signed on as tenants. A unit of BCE, Bell Canada, is working with a provincial government to develop and operate what it described as the largest purpose-built AI data center in Canada once completed. The company expects to spend around $1.3 billion in capital expenditures in 2026 to support construction. Funding will come from a mix of debt and available cash.

Cerebras Systems is expected to supply AI chips for large-scale training and computing. CoreWeave will provide AI computing capacity using processors from NVIDIA. Construction is scheduled to begin in the spring. The project will roll out in phases, with the first stage expected to be operational in the first half of 2027. The facility is intended to serve as a regional hub for advanced computing. It is expected to support the expansion of Canada’s AI ecosystem and contribute to economic growth in Saskatchewan.

It will also connect to Bell’s fibre network through a partnership with SaskTel. Both companies will act as go-to-market partners to deliver AI-powered products and services. BCE has also raised its forecast for AI-driven solutions revenue to about $2 billion by 2028, up from a prior estimate of roughly $1.5 billion.

BCE Inc. (NYSE:BCE) is a Canada-based communications company. It provides broadband Internet, wireless, television, media, and business communication services through its Bell brand. The company operates through two segments: Bell Communication and Technology Services and Bell Media.

11. International Paper Company (NYSE:IP)

Dividend Yield as of April 4: 5.32%

Share Price as of the Close of April 2: $34.79

Forward P/E Ratio: 20.16

On April 1, Deutsche Bank initiated coverage of International Paper Company (NYSE:IP) with a Hold rating. It also set a $38 price target on the stock. The firm said the packaging sector is “navigating a complex and evolving economic landscape” at the start of 2026. Last year’s pressures from weak consumer demand and cost inflation are still present. Now, higher oil prices and tariff-related challenges have added to the strain. The analyst noted that the firm is “constructive on the rigid and flexible packaging group” but remains “cautious” on fiber-based packaging.

On March 20, International Paper said it plans to build a new 468,000-square-foot sustainable packaging facility in Rankin County, Mississippi. The move is part of a broader effort to support long-term growth and improve operations. The company’s board approved the $225 million greenfield project after reviewing its manufacturing footprint. The site will be located in Brandon, near its existing Richland box plant.

The new facility is expected to replace older infrastructure with a more modern and efficient setup. The goal is to lower costs, improve product quality, and strengthen service across the Mid-South region. It will also include updated safety and operational technologies. Employees from the current Richland plant are expected to move to the new site once construction is complete. Construction is scheduled to begin in June 2026, with operations targeted for Q4 2027.

International Paper Company (NYSE:IP) is a sustainable packaging solutions company. Its segments include Packaging Solutions North America and Packaging Solutions EMEA. The company offers packaging, packaging services, and recycling solutions.

10. Franklin Resources, Inc. (NYSE:BEN)

Dividend Yield as of April 4: 5.64%

Share Price as of the Close of April 2: $23.4

Forward P/E Ratio: 8.9

On April 1, Franklin Resources, Inc. (NYSE:BEN) said it has agreed to acquire 250 Digital, which will become part of its newly formed Franklin Crypto unit. The move reflects a deeper push into digital assets. By bringing 250 Digital in-house, the firm aims to expand its actively managed crypto investment offerings for institutional clients. This would go beyond basic exposure through products such as bitcoin ETFs.The firm currently manages $1.8B in global assets.

The deal is expected to close in the second quarter. Part of the payment will be made using BENJI tokens, which represent shares in its blockchain-based mutual fund, the Franklin OnChain U.S. Government Money Fund. This step aligns with a broader shift across the industry. Institutions are showing more interest in yield-focused and active strategies as passive crypto products, including spot bitcoin and ether ETFs, continue to mature. It also comes as CoinShares began trading on the Nasdaq on April 1.

Franklin Templeton has long been known for active investing. In recent years, it has taken a more progressive stance on digital assets. Its presence in this space includes crypto ETFs, tokenized traditional funds on public blockchains, and partnerships with major crypto platforms such as Binance.

Franklin Resources, Inc. (NYSE:BEN) is a global investment management firm. Through its subsidiaries operating as Franklin Templeton, it serves clients in more than 150 countries. The company offers capabilities across equity, fixed income, alternatives, and multi-asset strategies through its specialist investment managers.

9. Verizon Communications Inc. (NYSE:VZ)

Dividend Yield as of April 4: 5.73%

Share Price as of the Close of April 2: $49.40

Forward P/E Ratio: 10.04

On April 2, Erste Group upgraded Verizon Communications Inc. (NYSE:VZ)to Buy from Hold. The analyst said Verizon’s profitability is “significantly higher than that of most of its competitors” and expects operating profit to increase over the next two years.

On March 30, Reuters reported that a federal judge granted Verizon Wireless a preliminary injunction blocking T-Mobile from running ads that promised consumers more than $1,000 in annual savings for switching carriers. U.S. District Judge Lewis Kaplan said Verizon is likely to succeed on the merits of its claim that T-Mobile’s “Save Over $1,000” campaign amounted to false advertising and could cause irreparable harm.

He also said the injunction supports the public interest by promoting truthful and accurate advertising, “ensuring that what consumers see is what they get.” T-Mobile and its lawyers did not immediately respond to requests for comment. In its February 4 lawsuit, Verizon argued that T-Mobile compared its promotional rates against Verizon’s standard rates. It also claimed that T-Mobile overstated the value of services that “the other guys leave out.”

Verizon Communications Inc. (NYSE:VZ) operates as a holding company. Through its subsidiaries, it provides communications, technology, information, and streaming services to consumers, businesses, and government clients.

8. Pfizer Inc. (NYSE:PFE)

Dividend Yield as of April 4: 6.07%

Share Price as of the Close of April 2: $28.32

Forward P/E Ratio: 9.62

On April 1, Reuters reported that a Belgian court ordered Poland and Romania to take delivery of €1.9B ($2.2B) worth of COVID-19 vaccines made by Pfizer Inc. (NYSE:PFE) and BioNTech. The case has been building for some time. Pfizer brought the lawsuit in late 2023, asking the court to enforce a contract signed with the European Commission. The agreement required both countries to accept a fixed number of vaccine doses over several years.

Back in April 2022, Poland and Romania declined to take those doses. They pointed to changing pandemic conditions, the war in Ukraine, and concerns around Pfizer’s position in the market. The Brussels court dismissed those arguments. It ruled that both countries must accept and pay for the vaccines. Poland’s obligation stands at about €1.3 billion, while Romania’s is around €600 million. Poland said it intends to challenge the decision. Romania indicated the total amount could increase due to penalties. It also noted that payment would still be required even if an appeal is filed.

Pfizer said the ruling reinforces the contractual commitments made during the EU’s pandemic response, when governments secured large vaccine supplies alongside BioNTech and Moderna.

Pfizer Inc. (NYSE:PFE) is a research-based global biopharmaceutical company. It is engaged in the discovery, development, manufacturing, marketing, sale, and distribution of biopharmaceutical products worldwide. Its Biopharma segment includes the Pfizer U.S. Commercial Division and the Pfizer International Commercial Division.

7. Northern Oil and Gas, Inc. (NYSE:NOG)

Dividend Yield as of April 4: 6.36%

Share Price as of the Close of April 2: $28.29

Forward P/E Ratio: 12.0

On March 31, Citi analyst Paul Diamond raised the price recommendation on Northern Oil and Gas, Inc. (NYSE:NOG) to $39 from $34 and maintained a Buy rating. The firm updated its small-cap exploration and production models to reflect higher oil and gas price forecasts. Citi said oil-weighted companies are showing “robust capital discipline and a strong focus on shareholder returns.”

During the company’s Q4 2025 earnings call, management outlined two possible scenarios for 2026. The approach reflects limited visibility on commodity prices. In a low-activity case, oil volumes are expected to decline slightly, while spending would be reduced more sharply. In a higher-activity scenario, management assumes a pickup in activity, fewer curtailments, and a higher TIL count. CEO Nicholas O’Grady said the guidance reflects current market conditions. He added that capital deployment would focus on positioning the business for “coiled spring growth,” similar to what was seen in 2021.

At the same time, President Adam Dirlam said 2026 activity is expected to be spread across regions. Around 40% is projected for the Permian, 25% for Appalachia, 25% for Williston, and 10% for Uinta. Activity is expected to remain fairly balanced throughout the year, with spending weighted more toward the front end.

Northern Oil and Gas, Inc. (NYSE:NOG) operates as a real asset company. It focuses on acquiring and investing in non-operated minority working and mineral interests across hydrocarbon-producing basins. The company participates as a non-operator in the acquisition, exploration, development, and production of oil and natural gas properties in the U.S.

6. VICI Properties Inc. (NYSE:VICI)

Dividend Yield as of April 4: 6.44%

Share Price as of the Close of April 2: $27.66

Forward P/E Ratio: 9.53

On March 30, VICI Properties Inc. (NYSE:VICI) announced plans to acquire real estate assets tied to Deerfoot Inn & Casino, Great Northern Casino, and two nearby limited-service hotels in Alberta, Canada, for about CAD$200.6M (USD$144.4M). The deal is connected to PURE’s planned take-private acquisition of Gamehost Inc.

Once the transaction closes, these properties will be added to VICI’s existing triple-net master lease with PURE. Annual rent is expected to increase by CAD$16.1M (USD$11.6M), implying an 8.0% cap rate. Rent will rise by 1.0% after the first full year. After that, it will follow the lease’s standard escalation terms, set at the higher of 1.5% or Canadian CPI, with a cap at 2.5%. The lease term will reset to a new 25-year base period, with four optional 5-year renewals. Tenant obligations will continue to be supported by Indigenous Gaming Partners.

VICI Properties Inc. (NYSE:VICI) operates as a real estate investment trust. It focuses on owning and acquiring gaming, hospitality, wellness, entertainment, and leisure destinations under long-term triple-net leases. The company owns 93 experiential assets across a geographically diverse portfolio, including 54 gaming properties and 39 other experiential assets across the United States and Canada.

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