Top 8 Cheap Dividend Stocks Under $20

The appeal of dividend stocks increases when inflation is high.

These dividend-paying stocks won't break the bank. The American economy is in trouble, and inflation rates are still very high by historical standards.

Using dividend stocks to generate consistent income is one way for investors to counteract the detrimental effects of inflation.

Since 1930, dividends have historically contributed about 40% of the total return on the stock market, but during periods of high inflation, they have contributed more than 50% of the market's total return.


Vale SA

One of the biggest producers of iron ore and nickel worldwide is the Brazilian mining company Vale SA.


Ford Motor Co.

After suspending it in 2020, American auto giant Ford reinstated its dividend in late 2021.


Stellantis NV 

Global automaker Stellantis was created in 2021 as a result of the union of Group PSA and Fiat Chrysler.


Vodafone Group PLC

Vodafone is a large wireless telecommunications company with significant operations in India, Africa, and Western Europe.


Manulife Financial Corp.

One of the biggest insurers and wealth managers in the world is Manulife Financial.


Orange SA

Despite the fact that Orange shares have declined 26.1% over the past three years, according to Ng, the stock is still attractively valued


Huntington Bancshares Inc.

Located primarily in the Midwest, Huntington Bancshares is a regional bank in the United States that provides consumer and business banking, brokerage, insurance, and investment services.


Telefónica SA

Another appealing international telecom dividend stock trading under $20 is Telefónica SA of Spain.

Top 8 Cheap Dividend Stocks Under $20 Vale SA Ford Motor Co. Stellantis NV Vodafone Group PLC Manulife Financial Corp. Orange SA Huntington Bancshares Inc. Telefónica SA,