5 Cheap Dividend Stocks with High Yields

In this article we will discuss 5 cheap dividend stocks with high yields. If you can want to read our detailed analysis of the merits of dividend investing and see some other dividend stocks, go to 10 Cheap Dividend Stocks with High Yields.

5. Lumen Technologies, Inc. (NYSE: LUMN)

Dividend Yield: 6.64%

Lumen Technologies, Inc. (NYSE: LUMN) is an American telecommunications company. It has headquarters in Monroe, Louisiana, and offers communications, network services, and a range of other telecommunications services. Lumen Technologies, Inc. (NYSE: LUMN) is a member of the Fortune 500 and the S&P 500 Index. With its $15.07 share price and 6.64% dividend yield, the company ranks 5th on our list of cheap and high-yielding dividend stocks.

Lumen Technologies, Inc. (NYSE: LUMN) revealed its Q121 report earlier this year, which showed a net income of $475 million for this quarter, an increased from the $314 million net income the company had in Q120. The company’s EPS also rose compared to Q120, at $0.44 this quarter compared to $0.29 last year. Lumen Technologies, Inc. (NYSE: LUMN) also reported the generation of a free cash flow of $850 million this quarter, compared to $385 million in Q120. All the above indicate significant growth.

The company pays $1 per share at its current yield rate, and has a market cap of $16.7 billion. Lumen Technologies, Inc. (NYSE: LUMN) also gained 55.04% year to date.