10 High Yield, Cheap Dividend Stocks To Buy Right Now

In today's volatile market, investors are always on the lookout for stable stocks that offer high returns.

One way to do that is to invest in cheap stocks with high dividend yields. While these companies may not be the hottest names in the market, they can provide steady income to investors.

Here are 10 picks:

Check out Benzinga's dividend calendar.

• Evolution Petroleum Corp. EPM leads the list with a dividend yield of 8.3%, despite being down nearly 18% year-to-date. If an investor wanted to yield $200 per month in Evolution Petroleum dividends, they would only need to own $28,639.61 or 4,998 shares of the company.
• Orange SA ORAN offers a dividend yield of 6.35%, and is one of the few European tech companies with strong connections to eurozone countries. If an investor wanted to yield $200 per month in Orange dividends, they would need to own $37,795.27, or 3,235 shares of the company.
• United Microelectronics Corp. UMC, with a dividend yield of 7.61%, has significant growth potential with fourth-quarter revenue up 14.8% year-over-year, and shares trading roughly 31% higher year to date. If an investor wanted to yield $200 per month in United Micro dividends, they would need to own $31,537.45, or 3,646 shares.
• If you’re a risk-on kind of investor, with the regional banking sector taking the spotlight in the last few weeks, New York Community Bancorp Inc. NYCB is a regional bank with a dividend yield of 7.39%. If an investor wanted to yield $200 per month in NYCB dividends, they would need to own $32,476.31, or 3,534 shares.
• Archrock Inc AROC, a natural gas infrastructure company, offers a dividend yield of 6.3%. If an investor wanted to yield $200 per month in Archrock dividends, they would need to own $39,344.26, or 4,002 shares.

Those companies are just the tip of the iceberg. Other options to consider are Verizon Communications Inc. VZ, Conagra Brands Inc CAG, Cisco Systems Inc CSCO, Comcast Corporation CMCSA, and Medtronic PLC MDT.

All five companies offer forward dividend yields between 3% and 6.5%, and have the potential for growth and profitability. For investors looking for a stable source of income and potential for long-term growth, cheap stocks with high dividend yields are worth considering.

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