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 September 2026 · 50 stocks · refreshed daily

#	Company	Yield	Growth Streak	Price	Upside	Frequency
1	SBIWestern Asset Intermediate Muni Fund Inc.	6.96%	3 yr	$7.25	+75%	monthly
2	BKSCBank of South Carolina Corporation	5.01%	2 yr	$18.71	+75%	quarterly
3	IHDVoya Emerging Markets High Dividend Equity Fund	8.52%	0 yr	$7.76	+74%	monthly
4	JPHLFJapan Post Holdings Co., Ltd.	3.29%	0 yr	$11.50	+74%	semiannual
5	SNPMFChina Petroleum & Chemical Corporation	5.08%	0 yr	$0.60	+74%	annual
6	BLWBlackRock Limited Duration Income Trust	11.47%	3 yr	$11.81	+73%	monthly
7	HEXEYEuronext Athens Holding S.A.	1.66%	4 yr	$15.75	+73%	annual
8	NCDLNuveen Churchill Direct Lending Corp.	12.60%	1 yr	$12.07	+72%	quarterly
9	WEAWestern Asset Premier Bond Fund	8.36%	0 yr	$10.05	+71%	monthly
10	EHLDEHLDEuroholdings Ltd.	4.38%	0 yr	$11.20	+71%	quarterly
11	PBNAFPembina Pipeline Corporation	6.51%	0 yr	$16.00	+71%	quarterly
12	ACGLOArch Capital Group Ltd.	7.30%	0 yr	$18.72	+71%	quarterly
13	AFBAllianceBernstein National Municipal Income Fund, Inc.	6.00%	2 yr	$10.03	+71%	monthly
14	EXGEaton Vance Tax-Managed Global Diversified Equity Income Fund	8.16%	2 yr	$9.70	+70%	monthly
15	CIXPFCaixaBank, S.A.	3.76%	0 yr	$15.44	+70%	semiannual
16	BHKBlackRock Core Bond Trust	10.54%	1 yr	$8.49	+70%	monthly
17	PGZPrincipal Real Estate Income Fund	13.61%	0 yr	$9.25	+68%	monthly
18	MMTAberdeen Multi-Market Income Fund	10.98%	0 yr	$4.33	+67%	monthly
19	PBSVPharma-Bio Serv, Inc.	17.05%	0 yr	$0.44	+66%	annual
20	EVNEaton Vance Municipal Income Trust	6.03%	2 yr	$10.21	+65%	monthly
21	IAEVoya Asia Pacific High Dividend Equity Income Fund	8.75%	0 yr	$8.96	+64%	monthly
22	ETBEaton Vance Tax-Managed Buy-Write Income Fund	8.12%	2 yr	$15.61	+64%	monthly
23	LGILazard Global Total Return and Income Fund, Inc.	10.54%	2 yr	$17.40	+64%	monthly
24	NFJVirtus Dividend, Interest & Premium Strategy Fund	7.96%	3 yr	$15.23	+63%	quarterly
25	CNDHCNDHFConduit Holdings Limited	6.00%	0 yr	$5.87	+62%	semiannual
26	CAGConagra Brands, Inc.	8.24%	0 yr	$14.78	+62%	quarterly
27	QUADQuad/Graphics, Inc.	4.21%	1 yr	$9.62	+62%	quarterly
28	HBANPHuntington Bancshares Incorporated	6.79%	0 yr	$16.51	+61%	quarterly
29	CURICuriosityStream Inc.	11.93%	1 yr	$2.86	+61%	quarterly
30	FFCFlaherty & Crumrine Preferred Securities Income Fund Inc.	7.87%	2 yr	$15.55	+61%	monthly
31	HIXWestern Asset High Income Fund II Inc.	15.68%	0 yr	$3.76	+60%	monthly
32	BKTBlackRock Income Trust, Inc.	10.88%	1 yr	$9.69	+60%	monthly
33	RVTRoyce Small-Cap Trust, Inc.	8.48%	2 yr	$17.62	+60%	quarterly
34	NMLNeuberger Berman Income Funds - Neuberger Energy Infrastructure and Income Fund Inc.	8.04%	0 yr	$10.30	+59%	monthly
35	ADTADT Inc.	3.32%	0 yr	$6.54	+59%	quarterly
36	ATDRFAutotrader Group plc	2.44%	3 yr	$6.45	+58%	semiannual
37	SKLTFSEEK Limited	3.75%	1 yr	$9.80	+58%	semiannual
38	THQAbrdn Healthcare Opportunities Fund	10.59%	2 yr	$19.24	+57%	monthly
39	DSUBlackRock Debt Strategies Fund, Inc.	13.02%	0 yr	$9.04	+57%	monthly
40	OZKAPBank OZK	7.55%	0 yr	$15.24	+57%	quarterly
41	BGRBlackRock Energy and Resources Trust	6.77%	4 yr	$17.05	+57%	monthly
42	SPHSuburban Propane Partners, L.P.	7.67%	0 yr	$16.82	+57%	quarterly
43	CHWRFChina Tower Corporation Limited	5.12%	0 yr	$1.10	+56%	quarterly
44	JRSHJerash Holdings (US), Inc.	3.48%	0 yr	$5.74	+55%	quarterly
45	AEGAegon Ltd.	5.34%	5 yr	$8.95	+53%	annual
46	BGHBarings Global Short Duration High Yield Fund	10.78%	2 yr	$13.54	+51%	monthly
47	ERIXFTelefonaktiebolaget LM Ericsson (publ)	3.27%	0 yr	$10.20	+50%	semiannual
48	TFSLTFS Financial Corporation	7.56%	0 yr	$16.70	+50%	quarterly
49	ZGNErmenegildo Zegna N.V.	1.10%	3 yr	$12.51	+49%	annual
50	CEVEaton Vance California Municipal Income Trust	6.11%	2 yr	$10.08	+48%	monthly

Frequently Asked Questions

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