5 High-Dividend Stocks to Buy Under $10

In this article, we discuss 5 high-dividend stocks to buy under $10. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 12 High-Dividend Stocks to Buy Under $10.

5. Uniti Group Inc. (NASDAQ:UNIT)

Dividend Yield as of August 5: 11.41%
Share Price as of August 5: $5.26

Uniti Group Inc. (NASDAQ:UNIT) is an American real estate investment trust company that focuses on owning, acquiring, and leasing mission-critical communication infrastructure. On August 1, the company declared a quarterly dividend of $0.15 per share, similar to its previous dividend. As of August 5, the stock has a dividend yield of 11.41%.

In the second quarter of 2023, Uniti Group Inc. (NASDAQ:UNIT) posted revenue of $283.7 million, down slightly by 0.1% from the same period last year. The company ended the quarter with over $452 million available in cash and cash equivalents and its operating cash flow for the quarter came in at roughly $200 million.

As per Insider Monkey’s database of Q1 2023, 24 hedge funds owned stakes in Uniti Group Inc. (NASDAQ:UNIT), up from 23 in the previous quarter. Their collective stake value is nearly $86 million.