Check out these six high-paying dividend penny stocks

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 Check out these six high-paying dividend penny stocks
Image source: Bogdanovich_Alexande,Shutterstock

Summary

  • Nordic American Tankers Limited (NYSE: NAT) paid a cash dividend of US$67.2 million or US$0.45 per share in the fiscal year 2020.
  • Yamana Gold Inc. (NYSE: AUY) has declared an annual dividend of US$0.125 per share in 2021.
  • Dover Motorsports, Inc (NYSE: DVD) paid a US$0.04 cash dividend in Q1, 2021.

Penny stocks trade at less than US$5. They are generally small companies with low revenue or big companies going through financial problems. These companies generally don't pay a dividend.

However, a few companies do pay a dividend. Here we explore penny stocks that pay high dividends.

Nordic American Tankers Limited (NYSE: NAT)

Nordic American Tankers Limited transports oil through ships. NAT paid a cash dividend of US$67.2 million or US$0.45 per share in the fiscal year 2020. In addition, it paid dividends in 94 consecutive quarters. In Q4, 2020, it paid a dividend of US$0.02.

The stock of NAT traded at US$2.63 at 3:55 pm ET on July 28, up by 1.16 percent over the previous closing price. Its stock went down by 11.65 percent YTD.

Source: Pixabay.

Its market cap is US$421 million, the forward P/E 1 year is -6.92, and the beta is 0.62. The company's earnings per share were US$-0.09. The 52-week highest stock price of NAT was US$4.78 and the lowest was US$2.69. The share volume is 3,278,346.

The company reported a net income of US$50 million or earning per share (EPS) of US$0.34 in the fiscal year 2020. It was US$70 million or US$-0.07 in the previous fiscal year.

Also read: How do you find hyper-growth blue-chip stocks?

Yamana Gold Inc. (NYSE: AUY)

Yamana Gold Inc, a Canada-based company, produces gold and silver. It has land assets in Canada, America, Brazil, Chile, and Argentina. AUY has declared an annual dividend of US$0.125 per share in 2021 and US$0.02625 per share for Q2, 2021.

The AUY stock was priced at US$4.255 at 3.58 pm ET on July 28, up 3.03 percent. Its stock price went down by 32.10 percent YTD.

AUY’s market capitalization is US$4 billion, the P/E ratio is 18.35, the forward P/E 1 year is 15.63, and the beta is 1.58. Its earnings per share were US$0.23. The 52 weeks highest stock price of AUY was US$7.02, and the lowest was US$3.99. The share volume is 15,172,009.

AUY reported total revenue of US$1.5 billion in 2020, and that was US$1.6 billion in 2019. The gross profit was US$702 million in 2020 and US$357 in 2019. Operating income was US$585 million in 2020 and US$474 million in 2019.

Source: Pixabay.

VEON Ltd. (Nasdaq: VEON)

VEON Ltd, an Amsterdam-based company, provides connectivity and digital services. The company paid an annual dividend of US$0.30 in 2020.

The stock of VEON traded at US$1.71, up.1.79%, at 4 pm ET on July 28. Its stock price surged 11.46 percent YTD.

 VEON’s market cap is US$3 billion. The forward P/E 1 year is 4.56, and the beta is 1.28. The company’s earnings per share were US$-0.19. The 52 week’s highest stock price of VEON was US$2.20 and the lowest was US$1.20. The share volume is 967,447.

VEON reported revenue of US$7.9 billion in 2010, down 1.6 percent YoY. EBITDA was US$3.4 billion, down 2.1 percent YoY.

Dover Motorsports, Inc (NYSE: DVD)

Dover Motorsports Inc promotes motorsports in the US. The company gave an annual dividend of US$0.08 to its shareholders. In Q1 of 2021¸the company paid a US$0.04 cash dividend.

The stock was priced at US$2.28 at 4:04 pm ET on July 28, up 2.21 percent from the previous close. Its stock prices went up by 2.97 percent YTD.

DVD’s market cap is US$82 million. The P/E is 11.25, and the beta is 0.97. The company’s earnings per share were US$0.20. The 52 week’s highest stock price of DVD was US$2.66 and the lowest was US$1.32. The share volume is 1979.

The company reported a net loss of US$3.2 million or US$0.09 per diluted share in Q1, 2021, which ended on March 31. It was US$3.1 million or US$0.09 per diluted share in Q1 of 2020. 

CSI Compressco (Nasdaq: CCLP)

CSI Compressco provides equipment for crude oil and natural gas production, transmission, and storage. It paid an annual dividend of US$0.04 in 2020. The company paid a cash dividend of US$0.01 in Q1, 2021.

The stock closed flat at US$1.59 on July 28. Its stock prices went up by 57.69 percent YTD.

Its market cap is US$78 million, the forward P/E 1 year is -1.36, and the beta is 1.86. Its earnings per share were US$-1.55. The 52 week’s highest stock price of CCLP was US$2.356 and the lowest was US$0.72. The share volume is 24,593.

CCLP reported total revenue of US$65.7 million in Q1, 2021. And that was US$71.1 million QoQ. Net loss was US$14.5 million, and that was US$23 million in Q4, 2020. Adjusted EBITDA was US$21.1 million, and that was US$26.2 million in QoQ.

Also read: Top ten growth stocks in the USA

Entravision Communications Corporation (NYSE: EVC)

Entravision Communications Corporation is a global media and marketing technology company. EVC paid a quarterly cash dividend of US$0.0125 in Q1, 2021. And annual cash dividend was US$0.10.

The stock of EVC traded at US$6.31, up 0.80%, at 4:07 pm ET on July 28. The stock gained 104.25 percent YTD.

The market capitalization of the EVC is US$486 million. The P/E ratio is 12.98, the forward P/E 1 year is 15.86, and the beta is 0.7. The company’s earnings per share were US$0.44. The 52 week’s highest stock price of EVC was US$7.10 and the lowest was US$1.25. The share volume is 361.573.

In Q1, 2021, the net revenue of the company went up by 132 percent YoY. Consolidated adjusted EBITDA went up by 47 percent YoY. EVC reported a net income of US$5.4 million as compared to a loss of US$35.6 million YoY.

Please note: The above constitutes a preliminary view and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.

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