5 Cheap Dividend Stocks with High Yields

3. Telefônica Brasil S.A. (NYSE: VIV)

Dividend Yield: 10%

Telefônica Brasil S.A. (NYSE: VIV), trading as Vivo, is a telecommunications group based in Brazil. The company is a subsidiary of the Spanish Telefónica. With a share price of $9.39 and a dividend yield of 8.38%, Telefônica Brasil S.A. (NYSE: VIV) has made it to our list of the 10 cheapest dividend stocks with high yields.

 According to Telefônica Brasil S.A.’s (NYSE: VIV) Q121 reports, the company’s net income for the quarter was worth $186 million, an 18.3% growth year over year. Free cash flow after leasing payments was around $434 million. 

Telefônica Brasil S.A. (NYSE: VIV) has gained 2.66% year to date, has a market value of $15.7 billion, and pays $0.79 a share in dividends.