15 Cheap Dividend Stocks Under $15

If you're looking for cheap dividend stocks and frustrated by the lack of options, check out the following list of 15 picks under $15.

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Many investors look at expensive stocks like Amazon.com (AMZN (opens in new tab)) or Google parent Alphabet (GOOGL (opens in new tab)), and they wonder why they should bother with an investment so pricey they can only buy one or two shares. Instead, they target cheap stocks they can buy for just $20, $15, $10 … or even less.

However, it's important to remember that one share worth $1,000 is really the same as 1,000 shares at $1 – it's just sliced up differently.

Still, it's undeniable that many investors simply aren't interested in shares that trade for hundreds or even thousands of dollars. That's particularly true for income-oriented investors, who see plenty of high-priced stocks like Amazon that don't even pay a penny in dividends.

If you're looking for cheap dividend stocks and frustrated by the lack of options, check out the following list of 15 picks under $15. All are cheap dividend stocks that offer 3% yields or better at current prices, and have a decent amount of potential despite their relatively low profiles.

Data is as of Sept. 22 unless otherwise noted. Companies are listed by dividend yield, from lowest to highest. Dividend yields are calculated by annualizing the most recent payout and dividing by the share price.

Jeff Reeves
Contributing Writer, Kiplinger.com

Jeff Reeves has covered finance and capital markets since 2008, contributing to outlets including CNBC, the Fox Business Network, the Wall Street Journal digital network, USA Today, US News & World Report and CNN Money.