Published on April 13th, 2026 by Bob Ciura
High dividend stocks are stocks with a dividend yield well in excess of the market average dividend yield of ~1.2%.
It goes without saying that a stock offering a high dividend of 5% or more, is quite attractive for investors looking to generate higher income.
With that in mind, we have created a free list of over 200 high dividend stocks with dividend yields above 5%.
You can download your copy of the high dividend stocks list below:
Even better, investors can buy quality dividend stocks when they are also undervalued, which could lead to high total returns in the coming years.
After all, the goal of rational investors is to maximize total return under a given set of constraints.
Stocks with low P/E ratios can offer attractive returns if their valuation multiples expand.
And when a low P/E stock also has a high dividend yield, investors get ‘paid to wait’ for the valuation multiple to increase.
This article will discuss the 10 cheapest high dividend stocks right now.
Table of Contents
The 10 stocks in this list have high dividend yields above 5%, with Dividend Risk Scores of ‘C’ or better in the Sure Analysis Research Database.
They also have forward P/E ratios under 10. The stocks are ranked by P/E ratio, from highest to lowest.
Cheapest High Dividend Stock #10: Enterprise Products Partners LP (EPD)
Enterprise Products Partners was founded in 1968. It is structured as a Master Limited Partnership, or MLP, and operates as an oil and gas storage and transportation company.
Enterprise Products has a large asset base which consists of nearly 50,000 miles of natural gas, natural gas liquids, crude oil, and refined products pipelines.
It also has storage capacity of more than 250 million barrels. These assets collect fees based on volumes of materials transported and stored.
On February 3, 2026, Enterprise Products Partners L.P. reported fourth-quarter 2025 results with diluted earnings per common unit of $0.75, exceeding analyst expectations of approximately $0.69.
Revenue reached $13.79 billion, surpassing forecasts around $12.37 billion, reflecting record operational volumes across the company’s integrated midstream platform.
The quarter marked an exceptional achievement with ten operational records, including natural gas processing inlet volumes of 8.1 Bcf/d, NGL fractionation volumes of 1.9 million BPD, ethane marine terminal volumes of 334 MBPD, and total pipeline volumes of 14.1 million BPD-equivalent.
Adjusted EBITDA reached a new quarterly record of $2.7 billion, surpassing the prior high of $2.6 billion from Q4 2024.
Operational Distributable Cash Flow totaled $2.2 billion with an impressive 1.8x coverage ratio, supporting a distribution increase of 2.8% year-over-year to $0.55 per unit.
This marked the 27th consecutive year of distribution growth for the company.
We expect distributable cash flow of $3.74 per unit for EPD. Based on this, units have a 2026 P/DCF ratio of 10.
Click here to download our most recent Sure Analysis report on EPD (preview of page 1 of 3 shown below):
Cheapest High Dividend Stock #9: Best Buy Co. (BBY)
Best Buy Co. Inc. is one of the largest consumer electronics retailers in North America with operations in the U.S. and Canada. Best Buy sells consumer electronics, personal computers, software, mobile devices, and appliances, and provides services.
At the end of Q3 FY2026, Best Buy operated 886 Best Buy stores and 18 Best Buy Outlet Centers in the U.S., 20 Pacific Sales Stores, 2 Yardbird Stores, 129 Best Buy stores in Canada, and 28 Best Buy Mobile Stand-Alone Stores in Canada. Best Buy exited its Mexico operations in fiscal 2021.
Best Buy reported Q4 FY2026 results on March 3rd, 2026. Enterprise revenue decreased to $13,814M from $13,948M, and non-GAAP diluted earnings per share increased to $2.61 from $2.58 on a year-over-year basis. GAAP diluted EPS climbed to $2.56 from $0.54. Comparable enterprise revenue decreased 0.8%.
Domestic revenue fell 1.1% due to soft home theater and appliance sales. Sales were lower for 3 out of 5 categories: Computing and Mobile Phones (+5.4%), Consumer Electronics (-7.3%), Appliances (-10.5%), Entertainment (-0.3%), and Services (+4.6%).
Comparable domestic online sales decreased -2.3% compared to the prior year. Domestic online sales comprised about 39.0% of total domestic revenue.
For fiscal 2027 Best Buy expects revenue of $41.2 billion to $42.1 billion and adjusted EPS of $6.45 at the midpoint of guidance.
Click here to download our most recent Sure Analysis report on BBY (preview of page 1 of 3 shown below):
Cheapest High Dividend Stock #8: Franklin Resources (BEN)
Franklin Resources is a global asset manager that offers investment management (which makes up the bulk of fees the company collects) and related services to its customers, including sales, distribution, and shareholder servicing.
As of December 31st, 2025, assets under management (AUM) totaled $1.684 trillion.
On December 17th, 2025, Franklin Resources announced a $0.33 quarterly dividend, marking a 3% year-over-year increase and the company’s 46th consecutive year of increasing its payment.
On January 30th, 2026, Franklin Resources reported fourth quarter 2025 results for the period ending December 31, 2025.
Total assets under management equaled $1.684 trillion, up $23 billion sequentially, as a result of $28 billion of long-term net inflows, and $6.1 billion from the Apera Asset Management acquisition, partly offset by $10.1 billion of net market change, distributions, and other, plus $1.2 billion of cash management net outflows.
For the quarter, operating revenue totaled $2.327 billion, up 3% year-over-year. On an adjusted basis, net income equaled $378 million or $0.70 per share, up 19% from $0.59 in Q1 2025.
During Q1, Franklin repurchased 1.8 million shares of stock for $42 million. Franklin ended the quarter with $6.2 billion in cash and investments.
For 2026, we expect BEN to generate EPS of $2.62.
Click here to download our most recent Sure Analysis report on BEN (preview of page 1 of 3 shown below):
Cheapest High Dividend Stock #7: T. Rowe Price Group (TROW)
T. Rowe Price Group is one of the largest publicly traded asset managers.
The company provides a broad array of mutual funds, sub-advisory services, and separate account management for individual and institutional investors, retirement plans and financial intermediaries.
T. Rowe Price had assets under management (AUM) of nearly $1.8 trillion as of December 31st, 2025.
On February 4th, 2026, T. Rowe Price announced fourth quarter and full year results for the period ending December 31st, 2025.
For the quarter, revenue grew 6.0% to $1.93 billion, but this was $10 million less than expected. Adjusted earnings-per-share of $2.44 compared favorably to $2.12 in the prior year, but missed estimates by $0.02.
For the year, revenue grew 3.1% to $7.3 billion while adjusted earnings-per-share of $9.72 compared to $9.33 in 2024. During the quarter, AUMs totaled $1.77 trillion, which represented growth of 8.3% year-over-year and a 3.0% improvement quarter-over-quarter.
Market appreciation of $33.9 billion was offset by net cash outflows of $25.5 billion. Operating expenses of $1.46 billion increased 16.5% year-over-year and 17% quarter-over-quarter.
For 2026, we expect T. Rowe Price Group to earn $10.07 per share at the midpoint of guidance.
Click here to download our most recent Sure Analysis report on TROW (preview of page 1 of 3 shown below):
Cheapest High Dividend Stock #6: Prudential Financial (PRU)
Prudential Financial, now in business for over 140 years, operates in the United States, Asia, Europe and Latin America, with more than $1.6 trillion in assets under management (AUM).
The company provides financial products – including life insurance, annuities, retirement-related services, mutual funds, and investment management.
Prudential operates in four divisions: PGIM (formerly Prudential Investment Management), U.S. Businesses, International Businesses and Corporate & Other.
On February 3rd, 2026, Prudential announced fourth quarter and full year results. For the quarter, the company reported net income of $905 million, or $2.55 per share, versus a net loss of $57 million, or -$0.17 per share, in the prior year.
After-tax adjusted operating income totaled $1.168 billion, or $3.30 per share, compared to $1.068 billion, or $2.96 per share in the prior year. Adjusted EPS was $0.06 below estimates.
For the year, net income of $3.576 billion, or $9.99 per share, was up from $2.727 billion, or $7.50 per share, in 2024. Prudential is expected to earn $14.90 per share in 2026, which would be a 3.3% increase from the prior year.
On February 4th, 2026, Prudential declared a $1.40 quarterly dividend, marking a 3.7% increase.
Click here to download our most recent Sure Analysis report on PRU (preview of page 1 of 3 shown below):
Cheapest High Dividend Stock #5: HP Inc. (HPQ)
Hewlett-Packard’s story dates back to 1935 with two men in a one-car garage making a huge impact on electronic test equipment, computing, data storage, networking, software and services that has lasted for more than eight decades.
Today, HP Inc. has centered its business activities around two main segments: its product portfolio of printers, and its range of so-called personal systems, which includes computers and mobile devices.
HP reported its first quarter (fiscal 2026) results on February 24th. The company reported revenue of $14.4 billion for the quarter, up 7% year-over-year. Revenue beat the analyst consensus estimate by $510 million.
Non-GAAP earnings-per-share totaled $0.81 during the first quarter, which was just ahead of the analyst consensus estimate. Earnings-per-share were up by 9% from one year earlier on an adjusted basis.
The company currently forecasts adjusted earnings-per-share in a range of $0.70 to $0.76 for the second quarter of the current fiscal year.
For fiscal 2026, HP is expected to generate earnings-per-share of around $3.05, with management forecasting free cash flow at around $2.9 billion.
Click here to download our most recent Sure Analysis report on HPQ (preview of page 1 of 3 shown below):
Cheapest High Dividend Stock #4: H&R Block Inc. (HRB)
H&R Block, Inc. is a U.S.-based tax preparation that provides assisted and do-it-yourself tax return preparation services through its network of retail offices, online platforms and mobile applications.
Beyond core tax filing services, H&R Block offers related financial products including refund transfer services, prepaid debit cards, loans, identity protection and small-business bookkeeping and payroll solutions.
On November 6, 2025, H&R Block released its fiscal 2026 first quarter results. Revenue for the quarter grew approximately 5% year-over-year to about $203.6 million.
Growth was driven by higher net average charges and increased volume in assisted tax preparation services as well as strong growth in its Wave subscription and payments business, reflecting steady demand in both traditional and digital channels.
The company reported an adjusted diluted loss per share of roughly $1.20, beating analyst estimates which had forecast a larger loss, and showing a modest improvement in financial performance despite the seasonally weak nature of the first quarter outside the core tax filing season.
Operating expenses were controlled, and key metrics such as EBITDA losses improved compared with the prior period, indicating enhanced operational efficiency.
H&R Block also returned significant capital to shareholders, executing roughly $400 million in share repurchases and maintained its quarterly dividend.
Click here to download our most recent Sure Analysis report on HRB (preview of page 1 of 3 shown below):
Cheapest High Dividend Stock #3: Open Text Corp. (OTEX)
Open Text is a tech company that provides information management solutions, including cloud solutions.
It operates in 180 countries and represents ~80% of total revenue. Its ARR includes cloud services, subscriptions, and customer support.
Open Text reported its fiscal Q2 2026 results on 02/05/2026. For the quarter, revenue declined 0.6% year over year to $1.3 billion, with a drop in customer support revenues leading to the overall decline.
However, cloud revenues rose 3.4% to $478 million, while enterprise cloud bookings rose 18% year over year to $295 million.
Operating cash flow was $319 million (down 8.4% YOY), while free cash flow was $279 million (down 8.9% year-over-year).
Adjusted earnings-per-share rose 1.8% to $1.13. This quarter, Open Text repurchased $50 million of its common stock.
OTEX continues to forecast fiscal 2026 cloud revenue growth of 3-4% and revenue growth of 1-2%. We maintain our fiscal 2026 EPS estimate at $4.01.
Click here to download our most recent Sure Analysis report on OTEX (preview of page 1 of 3 shown below):
Cheapest High Dividend Stock #2: Perrigo Company plc (PRGO)
Perrigo is headquartered in Ireland and operates in the healthcare sector as a manufacturer of over-the-counter consumer products.
Its Consumer Self-Care Americas segment is comprised of the U.S., Mexico and Canada consumer healthcare businesses.
The Consumer Self-Care International segment includes branded consumer healthcare business primarily in Europe, but also Australia and Israel. The company generates ~$4.1 billion in annual revenue.
On February 19th, 2025, Perrigo announced that it was raising its quarterly dividend 5.1% to $0.29, extending the company’s dividend growth streak to 23 consecutive years.
On February 26th, 2026, Perrigo announced fourth quarter and full year results for the period ending December 31st, 2025. For the quarter, revenue declined 2.5% to $1.11 billion, but this was $17.5 million above estimates.
Adjusted earnings-per-share of $0.77 compared to $0.93 in the prior year and was $0.01 less than expected.
For the year, revenue declined 2.8% to $4.25 billion while GAAP EPS of -$10.12 was down from -$1.17 in the prior year due to a Goodwill impairment charge. Adjusted earnings-per-share of $2.75 was up from $2.57 in 2024.
Consumer Self-Care Americas had an organic growth decline of 6.3%, primarily due to weaker results in infant formula, but lower demand from OTC contract manufacturing also contributed to the decrease.
Consumer Self-Care International’s sales were down 1.0%, as share gains in key brands, such as Compeed, and ellaOne, were offset by weaker OTC category consumption.
The Infant Formula segment remains under strategic review. The company announced a cost savings program in Q4 2023 called “Project Energize” that is projected to create pre-tax savings of $140 million to $170 million by 2026.
Perrigo provided an outlook for 2026 as well. The company now expects organic revenue growth to be down by -1.5% to -5.5% for the year. Adjusted earnings-per-share is projected to be in a range of $2.00 to $2.30.
Click here to download our most recent Sure Analysis report on PRGO (preview of page 1 of 3 shown below):
Cheapest High Dividend Stock #1: FinVolution Group (FINV)
FinVolution Group is a fintech company which operates primarily in China but also internationally. Through its finance technology platforms, it automates loan transaction processes.
The company was founded in 2007, and is headquartered in Shanghai, China.
Investors can initiate an ownership position in the company through American Depository Receipts (ADRs) under the ticker FINV. Each of these ADRs represent five Class A ordinary shares of FinVolution Group.
On March 16th, 2026, FinVolution declared a 10.5% increase to its annual dividend, now $0.306 per share, marking its sixth consecutive annual increase.
FinVolution reported fourth quarter 2025 results on March 16th, 2026. Total outstanding loan balance fell by 0.8% year-over-year to RMB70.9 billion.
Total transaction volume in the quarter decreased by 25%, but for the full year, fell only 3%.
Diluted profit per ADS was US$0.23, and adjusted profit per ADS was US$0.25. Its adjusted operating margin declined from 23.8% a year ago to 17.2% in the latest quarter.
Provision for loans receivable was RMB261.7 million (US$37.4 million) in Q4 2025, up from RMB64.3 million in Q4 2024.
For 2026, management expects total revenue of RMB11.5 billion to RMB12.9 billion, which would be a 5% to 15% decrease from last year.
Click here to download our most recent Sure Analysis report on FINV (preview of page 1 of 3 shown below):
Additional Reading
If you are interested in finding high-quality dividend growth stocks and/or other high-yield securities and income securities, the following Sure Dividend resources will be useful:
High-Yield Individual Security Research
And see the resources below for more compelling investment ideas for dividend growth stocks and/or high-yield investment securities.
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