The 3 Best Monthly Dividend Stocks under $10

Jeff Siegel

Written By Jeff Siegel

Posted May 20, 2024

Monthly Dividend Stocks under $10 are exactly what you need given the state of the broader markets today.

monthly dividend stocks under $10

Indeed, risk does come with reward.  But even the most aggressive day traders still have a little set aside for safe and steady income.  Look, over the past 20 years, I’ve uncovered stocks that have delivered triple- and quadruple-digit gains.

Like Canopy Growth Corporation (TSX: WEED), for instance.  Which we sold for a 3,015% gain.

Or Tesla (NASDAQ: TSLA), which is easily the most successful IPO I ever shared with readers.  Those who bought the stock right after it went public had the opportunity to lock in gains in excess of 20,000%.

In fact, some investors who bought $5,000 worth of Tesla when I first wrote about it, had the opportunity to walk away with more than $1 million.  That ain’t chump change.  That’s a life-altering gain.  And of course, we’ll continue to bring you those big winners.  In fact, if you want, you can skip the rest of this article right now, and just get to the meat and potatoes of our next big play.

But if you’re looking to balance out some of that high risk / high reward action with some safe and steady gains, check out these…

3 Monthly Dividend Stocks under $10

  • VAALCO Energy (NYSE: EGY) — Houston-based energy company engaged in the production and development of natural gas properties in Africa and North America.  One-year price target: $9.00.  Dividend: 3.9%.  Not a huge dividend, but trading at a roughly 42% discount. 
  • Sasol (NYSE: SSL) — South African chemical and energy company operating in 22 different countries.  One-year price target: $10.00. Dividend: 8.5%
  • Berry Corporation (NASDAQ: BRY) — Independent energy company operating primarily in California and Utah.  Focused on exploration, production, and well servicing.  One-year price target: $8.00. Dividend: 10.1%.

In addition to monthly dividends stocks under $10, also consider taking a position in a private solar royalty plan.  If you’re unfamiliar, these plans allow you to earn monthly income on solar projects all across the globe, with some delivering internal rates of return as high as 12%.

And the best part is, these are not stocks, so the value of your position doesn’t change with public market fluctuations.  

I was actually tipped off about these private solar royalty plans after reading how Elon Musk and Warren Buffett have been profiting from these types of deals for years.  And it’s easy to see why.

For instance, there’s one private solar royalty deal that has been estimated to earn $98,325 starting with just a $100 investment. 

Or maybe you have more than $100 to invest in these private solar royalty deals.

Maybe you want to go in for $1,000 a month.  That could eventually give you an estimated $983,255 in profits.  That’s nearly $1 million, all starting with just $1,000.  And if you don’t believe it, just look at the numbers for yourself.

Accessing safe, steady income comes in many shapes and sizes.  From monthly dividend stocks under $10 to private solar royalties, over time, you can make a sizable fortune without taking on too much risk.  It’s definitely part of my investment strategy, and it should be part of yours, too.

While I know dividend stocks may not sound particularly exciting, there’s nothing boring about those monthly income streams.  Especially in the case of these private solar royalties, which, quite frankly, is just easy money. 

To a new way of life and a new generation of wealth…

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Jeff Siegel

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Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.

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