For the first time, penny stocks have become an attractive investment vehicle for retail investors in 2020. It’s not uncommon for penny stocks to trade for less than $5 per share, making them a risky investment for many investors. In the first two weeks of 2021, retail broker eToro reported registering over 380,000 new users. This increase in the platform’s user base demonstrates the tremendous growth in the popularity of penny stocks. The small-cap Russell 3000 share index’s 10 best-performing stocks rose by about 75%.
Insider Monkey highlights 10 penny stocks that pay dividends. United States Global Investors is a publicly held investment manager. It mainly focuses on investment companies and investment pools. In the third quarter of 2021, seven hedge funds had a $5.1 million stake in the company. As one of the most popular dividend-paying penny stocks, Yamana Gold Inc. is a producer of precious metals. Among its assets are gold and silver production, exploration properties, development projects, and land holdings in the Americas. For natural gas and oil production, CSI Compressco is a compressor service provider. Stifel’s Selman Akyol upgraded the stock’s rating from “Hold” to “Buy.” Materials firm Gold Resource Corporation is a gold and silver mining company. The Aguila project in Oaxaca, Mexico, is the company’s most important asset, with 19 mining concessions. As of the end of the third quarter of 2021, a total of 10 hedge funds had invested $5.8 million in the company. It is a tanker company on the list of penny stocks that pay dividends, Nordic American Tankers Ltd. It owns and operates a fleet of 25 Suezmax crude oil tankers, which it acquires and charters in Bermuda and around the world. For more details, click 10 Penny Stocks That Pay Dividends.
Unsplash
