Best Penny Stocks with Dividends

Contributor, Benzinga

ASE Technology Holding Co (NYSE: ASX)

6.28 -0.0741 (-1.17%)
6.18 - 6.295
6.175 - 9.62

ASE Technology Holding Co. Ltd. is a leading provider of semiconductor manufacturing services. It provides technological solutions such as wafer probing, IC packaging, materials and electronic manufacturing services.

The semiconductor stock has a market cap of $11 billion and an EPS of $0.31. It has a 52-week low of $3.17 and a 52-week high of $5.7. ASE Technology has an annual dividend yield of $0.14 per share. It has high liquidity and trades more than 837,283 shares per day. ASE Technology generated revenue of $413 billion in 2019.

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Chesapeake Granite Wash (OTC: CHKR)

1.20 0.636 (112.77%)
0.4 - 1.47

Chesapeake Granite Wash Trust is a Delaware trust formed by Chesapeake Energy Corporation. It owns certain royalty interests in oil and natural gas wells in Washita County, Oklahoma. Chesapeake Granite Wash Trust also produces oil and natural gas from the Colony Granite Wash Play within the broader Granite Wash formation in the Anadarko Basin.

The oil and natural gas stock has a market cap of $10 million and has an EPS of $0.1360. It has an annual dividend yield of $0.02 per share. Chesapeake Granite Wash Trust trades more than 43,000 shares per day. It generated revenue of $9.8 million in 2019.

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Banco Santander (NYSE: SAN)

2.91 0.05 (1.75%)
2.85 - 2.92
2.66 - 4.06

Founded in 1856, Banco Santander S.A. is a global financial services company. It provides various retail and commercial banking products and services to individual, small, medium and large companies worldwide. Banco Santander also provides cash management, payrolls and wealth management services.

The financial services stock has a market cap of $50 billion and an EPS of $0.48. It has a 52-week low of $1.78 and a 52-week high of $4.26. Banco Santander has high liquidity and trades more than 6.6 million shares per day and generated revenue of $45 billion in 2019.

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Yamana Gold (NYSE: AUY)

4.93 0.21 (4.45%)
4.665 - 4.97
3.7 - 6.4

Yamana Gold Inc is a Canadian-based precious metals producer with gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. The company’s portfolio includes five operating gold mines and various advanced and near development stage projects and exploration properties in Canada, Brazil, Chile, and Argentina. The projects of the company include Jacobina Mining Complex, El Penon Mine, Canadian Malartic Mine, Cerro Moro Mine, and Minera Florida Mine.

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0.48 0.0069 (1.47%)
0.4606 - 0.48
0.24 - 2.38

VEON is a leading provider of communication and digital services. It serves 212 million subscribers around the world. It owns and operates several brands such as Beeline, Jazz, Kyivstar, Banglalink, DJEZZY, Beeline TV, Toffee and Jazz Cash.

The communication stock has a market cap of $2 billion. It has an annual dividend yield of $0.30 per share. VEON has high liquidity and trades more than 3.2 million shares per day. It generated revenue of $8.8 billion in 2019.

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Penny Stocks with Dividends Movers

The data provided below is intended for educational purposes only, we have included the session dates for your reference.

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Premarket Penny Stocks with Dividends
Symbol Last Price Change % Change Trade
STAF 6.88 6.21 926.86% Trade
BNTC 1.2099 0.47 63.49% Trade
TBLT 2.67 0.93 53.44% Trade
WISA 0.859 0.257 42.69% Trade
FEMY 2.1259 0.586 38.04% Trade
BOXD 2.34 0.55 30.72% Trade
SERA 1.69 0.39 29.99% Trade
WRAP 2.3427 0.473 25.27% Trade
FNGR 1.726 0.346 25.07% Trade
EQOS 0.9599 0.191 24.79% Trade
Symbol Last Price Change % Change Trade
TENX 0.2737 -0.31 -53.15% Trade
PBLA 0.6353 -0.435 -40.63% Trade
MMAT 1.185 -0.725 -37.96% Trade
IFRX 0.7865 -0.393 -33.35% Trade
UPC 0.658 -0.322 -32.86% Trade
QTNT 0.269 -0.131 -32.75% Trade
AGTC 0.6112 -0.213 -25.84% Trade
AVYA 2.855 -0.905 -24.07% Trade
DMAC 1.7501 -0.52 -22.91% Trade
CRVS 0.85 -0.25 -22.73% Trade
Market Penny Stocks with Dividends
Symbol Last Price Change % Change Trade
STAF 6.71 6.04 901.49% Trade
TBLT 3.01 1.27 72.98% Trade
GNLN 0.4003 0.138 52.32% Trade
MITQ 1.39 0.31 28.7% Trade
BHAT 3.47 0.74 27.1% Trade
JAGX 0.365 0.062 20.58% Trade
FRGT 1.57 0.24 18.04% Trade
EZFL 0.6 0.085 16.52% Trade
HOTH 0.4597 0.06 14.92% Trade
SLDB 0.676 0.076 12.66% Trade
Symbol Last Price Change % Change Trade
QTNT 0.31 -0.09 -22.51% Trade
BSGM 0.8047 -0.195 -19.53% Trade
BBLG 1.35 -0.19 -12.35% Trade
OMEX 2.5 -0.35 -12.29% Trade
ABVC 0.8304 -0.11 -11.66% Trade
ATIF 1.9 -0.2 -9.53% Trade
ISPC 2.25 -0.22 -8.91% Trade
PRFX 0.9166 -0.083 -8.35% Trade
IFRX 1.09 -0.09 -7.63% Trade
VEDU 1.71 -0.14 -7.57% Trade
After Hours Penny Stocks with Dividends
Symbol Last Price Change % Change Trade
IDRA 0.4737 0.144 43.54% Trade
TENX 0.4395 0.129 41.59% Trade
PBLA 0.86 0.248 40.52% Trade
IFRX 1.0499 0.269 34.43% Trade
KRBP 0.4707 0.111 30.75% Trade
FNHC 0.3388 0.079 30.3% Trade
HSDT 1.5699 0.32 25.59% Trade
BLPH 1.15 0.23 24.99% Trade
AGTC 0.743 0.126 20.42% Trade
EBON 0.4408 0.07 18.91% Trade
Symbol Last Price Change % Change Trade
BRQS 0.1442 -0.033 -18.86% Trade
PASG 2.1 -0.45 -17.65% Trade
AVTX 0.4695 -0.056 -10.73% Trade
MHLD 2.16 -0.24 -10% Trade
FBRX 1.18 -0.12 -9.24% Trade
MXCT 4.57 -0.46 -9.15% Trade
IDAI 1.69 -0.16 -8.65% Trade
ITP 0.155 -0.014 -8.45% Trade
NMTR 0.35 -0.03 -7.9% Trade
EFOI 1.52 -0.13 -7.88% Trade

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Great profits come with great risk. This is especially true when you trade penny stocks of companies with small capitalizations. In your search for cheap stocks with high dividends, you can both diversify your portfolio and increase your net worth.

With penny stocks that are generally under $5 per share, you can double your money or lose twice as much as you’ve invested overnight or even on the same day. That’s why niche traders have learned to invest in penny stocks with dividends as an alternative to offset short-term market disruptions while securing their future at the same time.  

Why Penny Stocks with Dividends?

Owing to illiquidity in the stock market, cashing in on penny stocks despite their improved performance can be a challenge. Yes, there are cheap stocks with high dividends, but you cannot always buy and sell these stocks at a moment’s notice. A diverse penny stock portfolio that offers dividends can, however, be a consolation to your woes till your order gets a chance to be filled. 

Any micro-cap company that provides dividends on its penny stocks is an indication of growth. Unlike medium- and large-cap enterprises that run the risk of diluting the value of each share, startups and nano-cap companies stand to gain stock value over regular dividends. These penny stocks can become a reliable source of income for you as canceling dividends can seriously tarnish the reputation of up-and-coming companies, urging investors to trade penny stocks on a whim. 

Best Online Brokers for Penny Stocks

Before you go looking for the companies and their tickers on the NASDAQ and NYSE, you need to know how to trade penny stocks. If you can’t find any penny stocks on the national stock exchange or NASDAQ, it’s because companies with a stock value below $1 are found on Pink Open Market or OTC Markets Group (OTCBB). 

Penny stocks are known to be extremely volatile and can shoot up their value by 100% or more in a matter of minutes. Similarly, it can also crash and drop company stock value in the blink of an eye. 

An online broker can help you identify the best penny stocks to trade. Be aware that some brokers don’t extend the $0 commission rate on unlisted stocks and will apply an additional fee for trading penny stocks. Make sure you ask all the questions listed below before signing up for an online broker

Brokerage Criteria for Penny Stocks

  • What is the upper limit on penny stock valuation? Is it $5, $3 or $1?
  • Are there subcharges involved in penny stock trading?
  • Is there a flat-fee on penny stock trades? 
  • Is there a limit on the number of penny stocks traded in a day? 
  • Are there charges for withdrawals? 
  • Can you view the trading history of penny stocks?

Once you are absolutely clear on these criteria, you can select the online broker that is right for you. Benzinga recommends you start your investment journey by trading penny stocks on these top-notch online brokers. 

Best For
Intermediate Traders and Investors

1. Webull

Webull offers commission-free ETF and stock trading, featuring over 5000 assets. There are no maintenance fees and no software fees. You don’t pay to open your account, and you can take up to a 4:1 margin during the day and 2:1 margins overnight.

When you log in to Webull, you can see stock charts for any asset, check indicators, read the news and complete transactions. While you are looking at investing in penny stocks, you can also purchase fractional shares, allowing you to take positions with some of the most expensive stocks on the market.

With mobile and web-based applications, fundamental and technical analysis options and real-time data, you can also reach out to the customer service team at any time. Call, email, or use Facebook, Twitter or Instagram to speak to a member of the Webull team.

Best For
Futures Trading

2. TradeStation

TradeStation is a commission-free online broker that gives you access to over 15,000 penny stocks to trade with. You can either choose to open a TS Select account with a minimum deposit of $2,000 or a TS GO account with a $0 minimum deposit. It is available on desktop, web and mobile. 

Day traders swear by TradeStation’s chart tool as it enables you to pick and trade stocks by directly clicking on the tickers on display. You can subscribe to real-time OTC information and updates with a monthly fee that ranges between $6–$86. The historical record on daily stock data can go back to over 50 years.  

Best For
Mobile Investing

3. Firstrade

Firstrade offers you exhaustive Pink Open Market of over 10,000 OTC stocks that you can trade at a $0 commission rate. You can sign up for a Firstrade account with a $0 minimum deposit. The online brokerage platform features a dedicated filter on the stock screener to help you quickly navigate through thousands of penny stocks.

Speed is everything when it comes to penny stock trading. Firstrade’s proprietary technology has led it to become an industry leader with an average trade execution time of 0.062 seconds. It has an excellent customer support team that you can interact with on email, chat and call to answer any queries you have. Firstrade is also among the few online brokers that give you full-access to Morningstar research tools at no extra cost. 

Best For
Options Trading

4. TD Ameritrade

TD Ameritrade lets you browse through 10,000 penny stocks and applies a standard commission fee of $6.95 per trade. You can open an account on TD Ameritrade with a $0 minimum deposit. It has a handy stock screen that lets you sort OTC stocks by their historical performances. 

TD Ameritrade comes equipped with a set of powerful research tools called thinkorswim. With it, you can track data on micro-caps and compare historical earnings per share on penny stocks to help you improve your trading tactics.  

Best For
Global and Active Traders

5. Interactive Brokers

You can open an account on Interactive Brokers with a You can open an account on Interactive Brokers with a You can open an account on Interactive Brokers with a $0 minimum deposit minimum deposit minimum deposit. You can trade OTC stocks on Interactive Brokers at a low commission rate of $0.005 per share for IBKR Pro and $0 for IBKR Lite. If you’re planning on regularly buying or selling the bulk of shares listed on the Pink Open Market, Interactive Brokers Pro can prove to be quite expensive.

On the plus side, Interactive Brokers has a range of tech tools to optimize your trading strategy. Its Trader Workstation software gives you easy access to over 100 order types and algorithms to simplify your trading process. Its Risk Navigator tool helps you limit the risk exposure of your trades in real-time. IB’s SmartRouting tool gives you the best stock price at the time of your order and has been reported to provide traders an average savings of $6.70 per trade.

Penny for Your Trades

Companies listed on national stock exchanges must provide financial information to the SEC about their assets, liabilities and periodic performances. Penny stock companies listed on Pink Open Market and bulletin boards are not required to share that information with the SEC, therefore any data regarding its business health and growth can be scarce.   

If you are taking your first steps toward investing, penny stocks are not for you. The low cost per stock can seem appealing but are not appropriate for traders with low-risk tolerance. Before you search for cheap stocks with high dividends, you should consider taking penny stock courses to gain the skills required for successful trading.  

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