Does a low share price mean a stock is cheap?

No. Share price alone says nothing about value — a $15 stock can be expensive and a $400 stock can be a bargain. What matters is price versus intrinsic value. Every stock here is both low-priced and trading below our fair-value estimate.

Are cheap dividend stocks risky?

Low-priced stocks skew toward smaller companies, which can be more volatile. We require a safety score of at least 55 and exclude preferred shares to keep the list to genuine, reasonably-sound dividend payers — but always do your own due diligence.

How often is this updated?

Prices refresh daily and fair-value estimates weekly, so the list reflects current valuations.

Cheap Dividend Stocks Under $20

Q: What are the best cheap dividend stocks under $20?

The best low-priced dividend stocks aren't just cheap by share price — they're cheap by value. This list shows dividend payers trading under $20 a share that also screen undervalued against our fair-value estimate and clear a minimum dividend-safety bar, so you avoid low-price-but-low-quality traps.

Dividend stocks trading under $20 a share that also screen undervalued on our fair-value models and pass a minimum safety bar — low price and real value, not just penny stocks.

Want a different ceiling or filters? Build it in the value screener, or browse all undervalued dividend stocks.

Updated July 2026 · 50 stocks · refreshed daily

#	Company	Yield	Growth Streak	Price	Upside	Frequency
1	EOIEaton Vance Enhanced Equity Income Fund	8.15%	2 yr	$19.70	+75%	monthly
2	AVKAdvent Convertible and Income Fund	11.20%	2 yr	$12.53	+74%	monthly
3	CAGConagra Brands, Inc.	8.58%	0 yr	$14.64	+74%	quarterly
4	DBLDoubleLine Opportunistic Credit Fund	9.44%	0 yr	$14.01	+74%	monthly
5	NEWTNewtekOne, Inc.	5.00%	0 yr	$14.95	+74%	quarterly
6	IIIInformation Services Group, Inc.	4.53%	0 yr	$4.04	+74%	quarterly
7	ACGLNArch Capital Group Ltd.	6.91%	0 yr	$16.46	+73%	quarterly
8	TCLHFTCL Electronics Holdings Limited	3.41%	2 yr	$1.86	+73%	annual
9	KRNYKearny Financial Corp.	4.63%	0 yr	$9.48	+72%	quarterly
10	EXGEaton Vance Tax-Managed Global Diversified Equity Income Fund	8.19%	2 yr	$9.63	+70%	monthly
11	WEAWestern Asset Premier Bond Fund	7.90%	0 yr	$10.62	+70%	monthly
12	HEXEYEuronext Athens Holding S.A.	1.66%	4 yr	$15.75	+69%	annual
13	IDEVoya Infrastructure, Industrials and Materials Fund	8.91%	0 yr	$13.32	+69%	monthly
14	IAEVoya Asia Pacific High Dividend Equity Income Fund	9.13%	0 yr	$8.54	+69%	monthly
15	BHKBlackRock Core Bond Trust	9.82%	1 yr	$9.06	+68%	monthly
16	GAERFGrupo Aeroportuario del Centro Norte, S.A.B. de C.V.	4.62%	2 yr	$14.65	+68%	monthly
17	CLMCornerstone Strategic Investment Fund, Inc.	19.57%	1 yr	$7.46	+68%	monthly
18	PFNPIMCO Income Strategy Fund II	12.07%	0 yr	$7.13	+66%	monthly
19	PFLPIMCO Income Strategy Fund	12.49%	0 yr	$7.80	+66%	monthly
20	NFJVirtus Dividend, Interest & Premium Strategy Fund	8.13%	3 yr	$15.02	+66%	quarterly
21	HBANHuntington Bancshares Incorporated	3.40%	0 yr	$18.06	+66%	quarterly
22	ODERFOdakyu Electric Railway Co., Ltd.	2.96%	3 yr	$11.40	+66%	monthly
23	RIVRiverNorth Opportunities Fund, Inc.	13.81%	2 yr	$11.35	+66%	monthly
24	VIPSVipshop Holdings Limited	4.28%	1 yr	$14.60	+65%	annual
25	THQAbrdn Healthcare Opportunities Fund	11.53%	2 yr	$18.90	+65%	monthly
26	NCDLNuveen Churchill Direct Lending Corp.	11.35%	1 yr	$12.61	+65%	quarterly
27	DSWLDeswell Industries, Inc.	5.52%	0 yr	$3.57	+64%	semiannual
28	NLNLI Holdings, Inc.	6.78%	2 yr	$5.73	+64%	quarterly
29	HBANPHuntington Bancshares Incorporated	6.88%	0 yr	$16.38	+64%	quarterly
30	JRSHJerash Holdings (US), Inc.	4.43%	0 yr	$4.48	+64%	quarterly
31	FNWBFirst Northwest Bancorp	2.90%	0 yr	$12.17	+63%	quarterly
32	FUNDSprott Focus Trust, Inc.	5.99%	2 yr	$9.76	+63%	quarterly
33	LGILazard Global Total Return and Income Fund, Inc.	9.88%	2 yr	$18.27	+63%	monthly
34	CNDHCNDHFConduit Holdings Limited	6.00%	0 yr	$5.87	+62%	monthly
35	LLDTFLloyds Banking Group plc	3.51%	4 yr	$1.40	+62%	semiannual
36	PCNPIMCO Corporate & Income Strategy Fund	11.53%	0 yr	$11.78	+62%	monthly
37	TDFTempleton Dragon Fund, Inc.	5.64%	0 yr	$10.82	+58%	quarterly
38	FINVFinVolution Group	6.43%	5 yr	$4.81	+58%	annual
39	ACGLOArch Capital Group Ltd.	6.95%	0 yr	$19.58	+56%	quarterly
40	REREATRenew Inc.	2.58%	0 yr	$3.80	+56%	annual
41	BGCBGC Group, Inc.	0.71%	2 yr	$11.19	+56%	quarterly
42	MTRMesa Royalty Trust	7.93%	1 yr	$3.11	+56%	monthly
43	MMTAberdeen Multi-Market Income Fund	9.21%	0 yr	$4.46	+55%	monthly
44	PIFMFPT Indofood Sukses Makmur Tbk	3.92%	1 yr	$0.41	+55%	annual
45	RVTRoyce Small-Cap Trust, Inc.	8.04%	2 yr	$17.95	+55%	quarterly
46	ETBEaton Vance Tax-Managed Buy-Write Income Fund	8.24%	2 yr	$15.45	+54%	monthly
47	AIRTPAir T, Inc.	10.53%	0 yr	$19.07	+54%	quarterly
48	EVNEaton Vance Municipal Income Trust	5.57%	2 yr	$11.05	+52%	monthly
49	HIXWestern Asset High Income Fund II Inc.	14.85%	0 yr	$4.00	+52%	monthly
50	GLUThe Gabelli Global Utility & Income Trust	6.80%	0 yr	$19.50	+52%	monthly

Frequently Asked Questions

Data is for informational purposes only and is not investment advice. Yields and figures refresh daily.