As a dividend investor, I am constantly on the search for quality dividend paying stocks that pay me passive income. This is pure cash in my pocket without requiring any active work on my part. It's part of my dividend income strategy as I aim for early retirement through dividend investing.
Top Dividend Stocks Under $5 That Pay High Dividend Yields
I put together this list of companies trading under $5 that pay quarterly dividend payments.
Note: Stock data updated as of November, 29th 2019
|Company||Annualized Dividend||Dividend Yield|
|Office Depot (ODP)||$0.40||4.47%|
|Washington Prime Group (WPG)||$1.00||23%|
Office Depot (NYSE: ODP)
The long time office retailer is still profitable despite increased competition from online competitors. Shares are up from an all-time low plus the company is planning a new company restructiring plan.