Introduction
Dividends are a powerful tool for generating passive income, rewarding investors even as they hold their positions. The best part? You don’t need deep pockets to start. Here’s a list of top dividend stocks priced under $100 that offer impressive yields and consistent payouts—ideal for wealth-building with minimal risk.
Why Dividends Matter in a Portfolio
Dividend stocks provide a steady income stream and allow investors to compound their wealth through reinvestment. These stocks also signal stability, as companies with consistent dividend payouts often exhibit strong fundamentals. By targeting dividend stocks priced under $100, investors can enjoy affordability and long-term growth potential without overleveraging their portfolios.
Top Picks Under $100
1. MDU Resources Group Inc (Ticker: MDU)
- Price: $18.15
- Dividend Yield: 2.86%
- Annual Dividend: $0.52
- Sector: Basic Materials
- Why it stands out: MDU offers a reliable dividend yield in the basic materials sector, making it a solid choice for investors seeking stability at an affordable price.
2. Universal Health Realty Income Trust (Ticker: UHT)
- Price: $38.05
- Dividend Yield: 7.89%
- Annual Dividend: $2.94
- Sector: Real Estate
- Why it stands out: With a long history of dividend growth, UHT is a dependable player in the real estate sector, offering high yield and stability for income-focused investors.
3. Altria Group Inc (Ticker: MO)
- Price: $51.59
- Dividend Yield: 7.7%
- Annual Dividend: $4.00
- Sector: Consumer Defensive
- Why it stands out: Altria is a heavyweight in the consumer defensive sector, delivering over five decades of dividend increases. Its robust payout ratio and strong fundamentals make it a cornerstone for dividend enthusiasts.
4. First of Long Island Corp (Ticker: FLIC)
- Price: $12.05
- Dividend Yield: 7.0%
- Annual Dividend: $0.84
- Sector: Financial Services
- Why it stands out: An ultra-affordable option with a solid history of increasing dividends, FLIC is an under-the-radar pick for those seeking value and consistency.
5. Enterprise Products Partners LP (Ticker: EPD)
- Price: $33.69
- Dividend Yield: 6.6%
- Annual Dividend: $2.08
- Sector: Energy
- Why it stands out: EPD is a powerhouse in the energy sector with a long track record of dividend increases. Its combination of yield and sector stability makes it a strong contender for long-term investors.
6. WP Carey Inc (Ticker: WPC)
- Price: $54.79
- Dividend Yield: 6.4%
- Annual Dividend: $3.49
- Sector: Real Estate
- Why it stands out: Known for its diversified portfolio, WP Carey has been a reliable dividend payer for years. Its affordability under $55 adds to its appeal.
7. Franklin Resources Inc (Ticker: BEN)
- Price: $20.22
- Dividend Yield: 6.3%
- Annual Dividend: $1.25
- Sector: Financial Services
- Why it stands out: BEN’s long history of dividend increases is a testament to its stability in the financial services sector. A solid pick for investors looking for steady returns.
8. Enbridge Inc (Ticker: ENB)
- Price: $44.84
- Dividend Yield: 6.1%
- Annual Dividend: $2.67
- Sector: Energy
- Why it stands out: Enbridge is a giant in the energy sector, delivering consistent income with a long history of dividend increases. It’s a reliable pick for those who value strong fundamentals.
9. Realty Income Corp (Ticker: O)
- Price: $54.10
- Dividend Yield: 5.9%
- Annual Dividend: $3.13
- Sector: Real Estate
- Why it stands out: Known as “The Monthly Dividend Company,” Realty Income is a favorite among dividend investors. Its consistent payouts and solid reputation make it a must-consider stock.
10. Verizon Communications Inc. (Ticker: VZ)
- Price: $36.00
- Dividend Yield: 6.0%
- Annual Dividend: $2.40
- Sector: Telecommunications
- Why it stands out: Verizon is a leading telecommunications company known for its reliable dividend payouts. With a substantial yield and a strong position in the market, it offers investors both income and stability.
Conclusion
Dividend investing is one of the most effective ways to build wealth and generate consistent passive income. By focusing on dividend stocks under $100, you can access high-quality companies with strong fundamentals, all while maintaining affordability and minimizing risk.
The stocks highlighted here span multiple sectors—from energy and real estate to consumer defensives and telecommunications—giving you a well-rounded selection for diversifying your portfolio. Whether you’re just starting your investing journey or you’re a seasoned pro, these affordable dividend stocks offer an opportunity to grow your wealth steadily while earning along the way.
As always, make sure to research each company thoroughly and align your investments with your financial goals and risk tolerance. With patience and discipline, dividend investing can be your ticket to long-term financial success.
What are your favorite dividend stocks under $100? Share your thoughts in the comments below and let’s keep the conversation going!
