5 High-Yield Buys Under $10

Mary is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.

The start of the new year is when many people go over their finances with a fine-toothed comb.  Some are focused merely on tax planning, some work it into their New Years’ resolutions, and some just want to make sure that they are on track.  Either way, people are looking at their portfolios and trying to figure out where they can add value at a good price.  Here are 5 high-yield stocks all under $10 that will sing in any portfolio.

 

Armour Residential REIT (NYSE: ARR)

This REIT invests in residential mortgage-backed securities issued or guaranteed by the US government.  Armour Residential REIT is currently trading at around $7 and has a dividend yield of 15%.  Though this REIT is not typically what one might consider a mover with the current yield it is still a great buy and a low-risk addition to any portfolio.

 

City Telecom Limited (NASDAQ: HKTV)

City Telecom is a multimedia production company based in Hong Kong.  They produce and distribute TV shows along with various other types of multimedia productions.  The company is currently trading at around $6 per share and has a dividend yield of 11%.  This company makes a great diversified addition to any portfolio.

 

Diana Containerships Inc (NASDAQ: DCIX)

Diana Containerships owns and operates containerships in Greece.  Greece has come upon hard times recently.  However, the country has always had a great shipping industry.  In time the economy will recover and their shipping companies will grow alongside that recovery.  Diana Containerships is currently trading around $6 per share and has a 19% dividend yield.  With that type of dividend payout it is easy to wait patiently for this industry to rebound.

 

MIND CTI Ltd (NASDAQ: MNDO)

MIND CTI is based out of Israel and provides software for communications providers worldwide.  The company provides solutions for services such as billing and customer care.  Currently MIND CTI is trading at around $2 per share and pays a 12% dividend yield.  That is quite the steal for a technology services company.

 

Star Bulk Carriers Corporation (NASDAQ: SBLK)

Star Bulk Carriers, like Diana Containerships, is a Greek shipping company.  Star Bulk is currently trading at around $6 per share and pays a dividend yield of 14%.  Again, with that price and that yield it is easy to plead the case for patiently waiting out the economy.


MaryPosey has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. Is this post wrong? Click here. Think you can do better? Join us and write your own!

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