5 Best Dividend Stocks Under $10

3. Great Ajax Corp. (NYSE:AJX)

Number of Hedge Fund Holders: 9

Dividend Yield as of May 9: 11.18%

Share Price as of May 9: $9.30

Great Ajax Corp. (NYSE:AJX) is an Oregon-based real estate company that primarily deals in residential mortgage and small balance commercial mortgage loans. Great Ajax Corp. (NYSE:AJX)’s dividend yield on May 9 stood at 11.18%, making it one of the highest yielding dividend stocks under $10. 

On May 5, Great Ajax Corp. (NYSE:AJX) declared a quarterly dividend of $0.26 per share, in line with previous. The dividend is payable on May 31, to shareholders of the company as of May 16. 

JMP Securities analyst Trevor Cranston on April 26 maintained an Outperform rating on Great Ajax Corp. (NYSE:AJX) but lowered the firm’s price target on the shares to $11 from $15 as part of a broader research note previewing Q1 results for the Residential Mortgage REIT industry. The analyst cited drastic fluctuations in interest rates and other markets as Fed policy “shifted dramatically” and geopolitical instability became a significant factor. 

According to Insider Monkey’s fourth quarter database, 9 hedge funds were bullish on Great Ajax Corp. (NYSE:AJX), with combined stakes valued at $17.2 million, compared to the same number of funds in the last quarter, holding stakes in the company worth about $13 million. Michael Platt and William Reeves’ BlueCrest Capital Mgmt is a notable position holder in Great Ajax Corp. (NYSE:AJX), with 206,890 shares worth $5.3 million.