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Most investors still believe that it is easier to get a better return on lower priced stocks than higher priced stocks. However, it really doesn't make a difference on a generalized basis. Just look at the performance of Warren Buffett's Berkshire Hathaway (NYSE:BRK.A) A shares. Fifteen years ago, Berkshire was trading at a high priced $32,150 per share. It has more than tripled in price to $104,000.

Even still, from a psychological standpoint, investors like lower priced shares. WallStreetNewsNetwork.com just updated its list of high yielding stocks under $10 a share. Many of the companies listed are closed end funds, such as the Blackrock Enhanced Dividend Achievers (NYSE:BDJ), which sports a yield of 9.4% and the Putnam Premier Income Fund (NYSE:PPT), which pays out a yield of 9.2%.

Yet there are also regular corporations, such as Alaska Communications (NASDAQ:ALSK) which provides landline and wireless services to the 49th state, which happens to be the largest state by area. The stock sells for a little over $7 per share, has a forward price to earnings ratio of 19, and pays a yield of 11.8%. The company reports earnings on October 26.

Another example is Provident Energy (PVX) processes, transports, stores, and markets natural gas liquids in the United States and Canada. It sells for a bit over $8 per share, and yields 6.5%. It recently generated negative earnings.

Hercules Technology (NYSE:HTGC) which is a private equity, venture capital, and venture debt firm, sells for less than $9 per share, has a forward PE of 7.5, and sports a yield of 9.9%.

Disclosure: Author didn't own any of the above at the time the article was written.

Source: High Yield Stocks Below $10 A Share