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	MATVMativ Holdings, Inc.	5.10%	0 yr	$8.12	+75%	quarterly
2	GLVClough Global Dividend and Income Fund	10.75%	0 yr	$6.32	+75%	monthly
3	EOIEaton Vance Enhanced Equity Income Fund	8.15%	2 yr	$19.70	+75%	monthly
4	WEAWestern Asset Premier Bond Fund	8.11%	0 yr	$10.36	+74%	monthly
5	ACGLNArch Capital Group Ltd.	6.97%	0 yr	$16.30	+74%	quarterly
6	DBLDoubleLine Opportunistic Credit Fund	9.39%	0 yr	$14.06	+73%	monthly
7	NCDLNuveen Churchill Direct Lending Corp.	11.89%	1 yr	$12.13	+73%	quarterly
8	BHKBlackRock Core Bond Trust	10.07%	1 yr	$8.89	+73%	monthly
9	EXGEaton Vance Tax-Managed Global Diversified Equity Income Fund	8.30%	2 yr	$9.50	+73%	monthly
10	HBANHuntington Bancshares Incorporated	3.57%	0 yr	$17.36	+72%	quarterly
11	PBNAFPembina Pipeline Corporation	6.51%	0 yr	$16.00	+72%	quarterly
12	CSLLYCSL Limited	3.59%	0 yr	$20.00	+71%	semiannual
13	HEXEYEuronext Athens Holding S.A.	1.66%	4 yr	$15.75	+69%	annual
14	PFLPIMCO Income Strategy Fund	12.74%	0 yr	$7.67	+69%	monthly
15	IDEVoya Infrastructure, Industrials and Materials Fund	8.93%	0 yr	$13.44	+69%	monthly
16	DSWLDeswell Industries, Inc.	5.75%	0 yr	$3.48	+69%	semiannual
17	TCLHFTCL Electronics Holdings Limited	3.34%	2 yr	$1.90	+69%	annual
18	VIPSVipshop Holdings Limited	4.30%	1 yr	$14.25	+69%	annual
19	PFNPIMCO Income Strategy Fund II	12.29%	0 yr	$7.05	+68%	monthly
20	IAEVoya Asia Pacific High Dividend Equity Income Fund	9.10%	0 yr	$8.57	+68%	monthly
21	MTRMesa Royalty Trust	8.37%	1 yr	$2.89	+68%	monthly
22	RIVRiverNorth Opportunities Fund, Inc.	13.94%	2 yr	$11.24	+67%	monthly
23	CAGConagra Brands, Inc.	8.29%	0 yr	$14.77	+67%	quarterly
24	THQAbrdn Healthcare Opportunities Fund	11.61%	2 yr	$18.55	+67%	monthly
25	NLNLI Holdings, Inc.	6.88%	2 yr	$5.81	+67%	quarterly
26	HBANPHuntington Bancshares Incorporated	6.98%	0 yr	$16.12	+66%	quarterly
27	ODERFOdakyu Electric Railway Co., Ltd.	2.96%	3 yr	$11.40	+66%	monthly
28	FUNDSprott Focus Trust, Inc.	6.06%	2 yr	$9.81	+65%	quarterly
29	LGILazard Global Total Return and Income Fund, Inc.	10.03%	2 yr	$18.09	+64%	monthly
30	NFJVirtus Dividend, Interest & Premium Strategy Fund	8.08%	3 yr	$15.19	+64%	quarterly
31	PCNPIMCO Corporate & Income Strategy Fund	11.60%	0 yr	$11.64	+63%	monthly
32	CNDHCNDHFConduit Holdings Limited	6.00%	0 yr	$5.87	+62%	monthly
33	FNWBFirst Northwest Bancorp	2.90%	0 yr	$11.95	+61%	quarterly
34	JRSHJerash Holdings (US), Inc.	4.32%	0 yr	$4.63	+59%	quarterly
35	MMTAberdeen Multi-Market Income Fund	9.44%	0 yr	$4.33	+59%	monthly
36	FINVFinVolution Group	6.44%	5 yr	$4.75	+58%	annual
37	TDFTempleton Dragon Fund, Inc.	5.63%	0 yr	$10.65	+58%	quarterly
38	VARRVARRYVår Energi ASA	9.84%	2 yr	$10.20	+57%	quarterly
39	ACGLOArch Capital Group Ltd.	6.99%	0 yr	$19.50	+57%	quarterly
40	ERIXFTelefonaktiebolaget LM Ericsson (publ)	3.54%	0 yr	$9.40	+57%	semiannual
41	REREATRenew Inc.	2.58%	0 yr	$3.88	+56%	annual
42	ETBEaton Vance Tax-Managed Buy-Write Income Fund	8.31%	2 yr	$15.27	+56%	monthly
43	PIFMFPT Indofood Sukses Makmur Tbk	3.92%	1 yr	$0.41	+55%	annual
44	BGHBarings Global Short Duration High Yield Fund	10.51%	2 yr	$13.97	+55%	monthly
45	HIXWestern Asset High Income Fund II Inc.	15.04%	0 yr	$3.91	+54%	monthly
46	ESCAEscalade, Incorporated	3.27%	0 yr	$18.63	+54%	quarterly
47	RVTRoyce Small-Cap Trust, Inc.	7.98%	2 yr	$18.04	+54%	quarterly
48	LPGCLPGCYLAOPU GOLD CO LTD	6.75%	0 yr	$4.57	+53%	semiannual
49	LYGLloyds Banking Group plc	3.32%	4 yr	$6.02	+53%	semiannual
50	DLAKYDeutsche Lufthansa AG	3.88%	1 yr	$9.90	+53%	annual

Frequently Asked Questions

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