Cheap stocks are fun. We can buy a lot of shares without shelling out too much dough.
Generally speaking, most single-digit stocks are “cheap for a reason”–they are losers. But we contrarians leave no discarded stone unturned. Especially in our search for dividends that we can retire on.
There are a few inexpensive stocks that actually pay. And a select set of them that are even worth buying for their dividends.
In a minute we’ll discuss five “economy lot” yield plays that pay from 6.3% to 11.8%. These are all single-digit share prices that sell for $9 or less today.
This article originally appeared at Contrarian Outlook.