5 Best Dividend Stocks Under $10

In this article, we discuss 5 best dividend stocks under $10. If you want to see more cheap dividend payers, click 10 Best Dividend Stocks Under $10.

5. Franklin Street Properties Corp. (NYSE:FSP)

Number of Hedge Fund Holders: 10

Dividend Yield as of May 9: 7.38%

Share Price as of May 9: $4.87

Franklin Street Properties Corp. (NYSE:FSP) is a Massachusetts-based real estate investment trust that makes long-term investments in office properties across the U.S. Sunbelt and Mountain West. Franklin Street Properties Corp. (NYSE:FSP)’s dividend yield on May 9 came in at 7.38%. 

On April 1, Franklin Street Properties Corp. (NYSE:FSP) announced a $0.09 per share quarterly dividend, in line with previous. The dividend was distributed on May 5, to shareholders of record on April 15. 

Riley analyst Craig Kucera on May 5 reiterated a Buy recommendation on Franklin Street Properties Corp. (NYSE:FSP) and lowered the firm’s price target on the shares to $6 from $6.50 after the shares post the Q1 results. The analyst cited office real estate investment trust multiple compression and a reduction to his net asset value estimate for the reduced target.

According to Insider Monkey’s Q4 data, 10 hedge funds were long Franklin Street Properties Corp. (NYSE:FSP), with collective stakes valued at $12.5 million. Jim Simons’ Renaissance Technologies held the biggest position in the company, with 1.3 million shares worth $8.2 million.