Dividend companies were not immune to the financial crisis, with dividends falling 12.2 percent to $1.26 trillion in 2020. Cuts and cancellations were $220 billion between April and December 2020, while dividends paid were $965 billion. U.S. dividend equities were extremely robust in the first quarter of 2021, according to the Janus Henderson Global Dividend Index report. Cross Timbers Royalty Trust, a Dallas-based express trust, is one of the cheap dividend-paying companies. The company’s market capitalization is $57.9 million, and its stock is now trading at $9.65 per share. Net profit interests derived from generating royalty and overriding royalty interest gas assets are the trust’s major assets. With $16 billion in reported assets, Two Harbors Investment Corp. is one of the largest REITs in the United States by total assets. The REIT now pays an annualized dividend of $0.68 per share and has a high yield of 9.52 percent. After growing its dividend every year for 32 years, General Electric Company was recognized as a Dividend Aristocrat in 2009. During the financial crisis in February 2009, the corporation decreased its quarterly payout. In 2017 and 2018, General Electric Company cut its dividend by 50% and 92 percent, respectively. GE’s stock has increased by 105 percent in the last year. As the pandemic of 2020 revealed, there is no such thing as a perfect dividend stock. It makes sense to look for long-term profits in industries that are likely to expand in the future.
Here is Insider Monkey’s list of the 10 best affordable dividend stocks to buy. Cross Timbers Royalty Trust has paid monthly dividends to stockholders since 1995. The company’s market capitalization is $57.9 million, and its stock is now trading at $9.74 per share. Net profit interests from producing royalty and overriding royalty interest gas properties in Texas, Oklahoma, and New Mexico are the trust’s main assets. Gladstone Investment Corporation is ranked 9th among the 10 greatest dividend stocks to purchase at a low price. The fund invests in small and mid-sized enterprises that provide commercial services or manufacture consumer goods and have an EBITDA of $3 million to $20 million. The company now pays a $0.84 per share annual dividend, yielding 6.21 percent. Star Group, L.P. now pays a 5.47 percent annualized dividend of $0.57 per share. The Connecticut-based energy company provides residential and business customers with heating and air conditioning equipment and services. The company’s revenue climbed by 11.2 percent to $604.1 million in the second quarter of 2021. Prospect Capital Corporation pays a $0.72 per share annual dividend with a 20% payout ratio. Since 2004, the corporation has paid quarterly dividends without interruption. In the third quarter of 2021, PSEC’s total investment income climbed 3.2 percent year over year to $159.5 million. PSEC’s stock has increased by 52.4 percent in the last year. On the ranking of the 10 best affordable dividend stocks to purchase, Whitestone REIT is ranked sixth. The company now pays a $0.43 per share yearly dividend. Whitestone is a low-cost dividend investment that has paid monthly dividends for over 15 years. WSR’s stock has increased by 33% during the last year. For more details, click 10 Best Affordable Dividend Stock to Buy.
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