Many investors think that the perfect stock is one that sells for a low price and pays a high yield. It may be hard to believe but there are actually several stocks, including closed end funds, that sell for less than $5 a share and pay a dividend, with a dozen paying yields greater than 1.25%.
WallStreetNewsNetwork.com just posted a list of high yield stocks selling for around $5 or less, with yields ranging from 0.4% to 11.5%. Just remember that the yields are based on historical payments, and the dividends can be adjusted, reduced, or terminated at any time.
- 21st Century Holding Co. (TCHC) is an insurance underwriting and claims processing company which yields 6.3%. The stock recently traded at 3.79.
- Qwest Communications International Inc. (NYSE:Q), a telecom company, yields 5.7%. The stock trades at less than $6 per share.
- Electro-Sensors Inc. (NASDAQ:ELSE), which makes and sells industrial production monitoring and process control systems, has a yield of 3.5% with a trading price of 4.25.
For the full list of high yield stocks trading for less than $5, which can be downloaded and sorted, go to WallStreetNewsNetwork.com.
Disclosure: Author does not own any of the above.