Investors love low-priced stocks as they have the potential for strong returns. But if you find low-priced stocks that also offer a high dividend yield, then you get income plus the chance of strong gains. That's why Patrick Ryan is recommending Mobile Telesystems (NYSE:MBT), Telefonica SA (NYSE:TEF), and Veon (VEON (NASDAQ:VEON)).It is not often that you find a dividend stock that yields more than 6% and is priced under $10. Such dividend stocks exist, yet the majority have one or several glaring flaws. However, if you dig deep enough, you will find some legitimate prospects that are affordably priced and generate a handsome dividend.
Part of the appeal of investing in a dividend stock around $10 or less is that it has significant upside potential in the sense that retail investors are that much more likely to scoop up shares as the ask is in their price range. So, investors get the best of both worlds, income, and the potential for capital appreciation.
I found three top stocks that offer the potential for price appreciation, high dividend yields, and rate highly in our POWR Ratings system. These include Mobile Telesystems (MBT), Telefonica SA (TEF), and Veon (VEON).