Cheap Dividend Stocks Under $20
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.
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Updated · 50 stocks · refreshed daily
Key facts: Cheap Dividend Stocks Under $20
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, SmarterDividends' Cheap Dividend Stocks Under $20 list includes 50 stocks.
- Ranked first on SmarterDividends' Cheap Dividend Stocks Under $20 list as of Nov 8, 2026 is Gentex Corporation (GNTX), with a forward dividend yield of 2.41%.
- The median forward dividend yield of the 50 stocks on SmarterDividends' Cheap Dividend Stocks Under $20 list is 6.75% as of Nov 8, 2026.
- The highest-yielding stock on SmarterDividends' Cheap Dividend Stocks Under $20 list as of Nov 8, 2026 is PIMCO High Income Fund (PHK), at 13.95%.
- By SmarterDividends' count, AMERISAFE, Inc. (AMSF) has the longest dividend-growth streak on SmarterDividends' Cheap Dividend Stocks Under $20 list, at 10 consecutive years as of Nov 8, 2026.
- 11 of the 50 stocks on SmarterDividends' Cheap Dividend Stocks Under $20 list with a SmarterDividends safety grade are graded A as of Nov 8, 2026.
- As of Nov 8, 2026, Meridian Corporation (MRBK) has the largest gap on SmarterDividends' Cheap Dividend Stocks Under $20 list between its fair-value estimate and its share price: the estimate is 74% above the price.
Cite this page
SmarterDividends, "Cheap Dividend Stocks Under $20," updated Nov 8, 2026, https://smarterdividends.com/cheap-dividend-stocks-under-20
Frequently Asked Questions
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.
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.
Data is for informational purposes only and is not investment advice. Yields and figures refresh daily.