Dear Reader,
The old saying that it takes money to make money is largely true.
But it doesn't always take a lot of money to make a lot in return.
That's why today we're looking at the best dividend stocks under $20.
That's right. I mean, seriously, think about it…
What can $20 get you today?
A chicken sandwich and a drink from the gas station?
One cocktail?
A gallon of milk and some eggs?
Maybe a quarter-tank of gas?
Well if you know where to look in the stock market, 20 bucks can go a long away, especially for you dividend seekers out there.
So here are my top picks for the best dividend stocks under $20 right now.
Pick # 1: Nintendo (OTC: NTDOY)
Nintendo was founded in 1889 by Fusajiro Yamauchi as a playing card company called Nintendo Koppai, and it's since transformed the entire video game ecosystem and the lives of countless gamers worldwide. It's now one of the most influential and successful players in the global gaming industry.
Nintendo began by producing and distributing playing cards known as hanafuda cards in Kyoto, Japan. Over time, the company expanded its product line to include toys, establishing itself as a prominent toy manufacturer. In the 1970s, Nintendo entered the electronic entertainment industry, producing arcade games like Donkey Kong and introducing the Game & Watch hand-held gaming devices. The release of the Nintendo Entertainment System (NES) in 1985 marked a significant milestone, propelling Nintendo to global prominence with iconic titles like Super Mario Bros. and The Legend of Zelda.
The 1990s saw intense competition in the gaming market, particularly with Sega's Genesis console. Nintendo responded with the Super Nintendo Entertainment System (SNES), which became a gigantic success. I remember getting a Super Nintendo for Christmas one year along with the chicken pox. Needless to say, I spent countless hours playing Super Mario World.
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What I like about Nintendo is that it constantly one-ups itself. In 1996, Nintendo released the Nintendo 64, with games like GoldenEye and Mario Kart. This brought in massive cash flows for the company. The early 2000s saw the launch of the GameCube, and in 2006, the company released the revolutionary Wii console, which disrupted the gaming industry with its motion-sensing controller and accessible gameplay, appealing to a broad and older audience beyond traditional gamers. The Nintendo DS, a handheld gaming device released in 2004, also enjoyed massive success, becoming one of the best-selling consoles of all time.
Recently, the company expanded its reach by entering the mobile gaming market with titles like Pokémon GO and Super Mario Run. In 2017, Nintendo launched the Nintendo Switch, a hybrid console that can be used both as a home console and a portable device. The Switch quickly became a commercial success, bolstered by hit titles like The Legend of Zelda: Breath of the Wild and Animal Crossing: New Horizons.
To sum up, with its strong intellectual property portfolio, innovative hardware, and resilience to market fluctuations from competitors like Sony and Microsoft, Nintendo remains a strong "Buy" in my portfolio.
Coming in at under $13, Nintendo pays a dividend of 1.96%, putting it well below our $20 threshold.
Pick #2: ZIM Integrated Shipping Services (NYSE: ZIM)
ZIM was established in Israel in 1945, shortly after the end of World War II, to provide shipping services to support the fledgling nation's economic development. Initially named ZIM Israel Navigation Company, it operated a small fleet of vessels primarily engaged in transporting immigrants and cargo to Israel.
During the 1960s and 1970s, ZIM expanded its operations globally, establishing itself as a prominent player in the international shipping industry. The company diversified its fleet and services, offering containerized shipping solutions to meet the growing demand for efficient and reliable maritime transportation.
In the 1980s, ZIM underwent privatization, transitioning from a state-owned enterprise to a privately held corporation. This move enabled the company to pursue strategic initiatives and investments. During this period, ZIM continued to expand its global footprint, modernize its fleet, and enhance its service offerings.
In the early 2000s, ZIM embraced technological advancements in container shipping, investing in digitalization and automation to improve operational efficiency and customer service. The company further strengthened its global network of routes and terminals, establishing itself as a leading provider of containerized shipping solutions.
The company is now focused on streamlining its fleet, optimizing routes, and improving cost efficiency while maintaining its commitment to customer satisfaction and sustainability.
Coming in at just over $14, the company last paid a whopping 126% dividend.
Now, this comes with a caveat because the company halted its dividend last year due to profitability issues and turmoil in the region. But if you're willing to take the risk, this might be a highflier after the dust in the Middle East settles.
Pick #3: PIMCO High Income Fund (NYSE: PHK)
PIMCO was founded in 1971 by Bill Gross, Jim Muzzy, and Bill Podlich. The company initially focused on managing fixed-income portfolios for institutional investors, pioneering innovative investment strategies in bond markets. During the 1970s and 1980s, PIMCO experienced significant growth and expanded its client base globally.
In the 1980s, PIMCO introduced its Total Return strategy, led by Bill Gross, which aimed to generate returns by actively managing a diversified portfolio of fixed-income securities. The Total Return Fund became one of PIMCO's flagship products and achieved widespread acclaim for its performance.
In 2000, PIMCO was acquired by Allianz SE, a leading global financial services company based in Germany. The acquisition provided PIMCO with additional resources and access to global markets, further strengthening its position as a prominent investment management firm.
Over the years, PIMCO has expanded its product offerings beyond traditional fixed-income strategies to include a diverse range of investment solutions, including equity, real estate, alternatives, and multi-asset strategies.
Right now the PIMCO High Income Fund trades for less than $5 and pays an 11% dividend!
This one surely meets our criteria.
Now, these companies are just the tip of the iceberg when it comes to high-paying dividend stocks.
So if you want a full list of the top dividend companies that we're buying today, head over to our premium dividend service called R.I.C.H. Report.
Once you sign up for a risk-free trial, you'll get immediate access to our Power Passive Income Portfolio, which is our flagship portfolio delivering stellar gains to our subscribers every month and quarter.
Sign up today and see what all the buzz is about!
Stay frosty,
Alexander Boulden
Editor, Wealth Daily
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After Alexander's passion for economics and investing drew him to one of the largest financial publishers in the world, where he rubbed elbows with former Chicago Board Options Exchange floor traders, Wall Street hedge fund managers, and International Monetary Fund analysts, he decided to take up the pen and guide others through this new age of investing.
Alexander is the investment director of Insider Stakeout — a weekly investment advisory service dedicated to tracking the smartest money on the planet so that his readers can achieve life-altering, market-beating returns. He also serves at the managing editor for R.I.C.H. Report, a comprehensive service that uses the highest-quality investment research and strategies that guides its members in growing their wealth on top of preserving it.
Check out his editor's page here.
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