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10 Best Cheap Dividend Stocks to Buy Under $20

By U.S. News & World Report

One way for investors to offset the negative impact of inflation is to generate regular income via dividend stocks. In the past 90 years, dividends have accounted for about 40% of the total stock market return. The combination of a rising stock price and a regular dividend can work wonders for long-term returns. Dividends from high-quality stocks can also be a reliable source of income during economic downturns.

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Fortunately, there are plenty of dividend stocks out there that don’t cost an arm and a leg. Here are 10 of the best dividend stocks to buy for less than $20, according to CFRA:

Stock Dividend yield Implied upside*
Infosys Ltd. (ticker: INFY) 2.9% 7%
NatWest Group PLC (NWG) 4.0% 10%
Energy Transfer LP (ET) 8.0% 14%
Vodafone Group PLC (VOD) 4.2% 4%
Huntington Bancshares Inc. (HBAN) 3.7% 18%
Blue Owl Capital Inc. (OWL) 5.4% 20%
Aegon Ltd. (AEG) 5.6% 20%
Host Hotels & Resorts Inc. (HST) 4.6% 15%
ARC Resources Ltd. (OTC: AETUF) 2.8% 8%
Albertsons Cos. Inc. (ACI) 3.5% 33%

*From Dec. 9 close.

Infosys Ltd. (INFY)

Infosys is an Indian company that provides a number of information technology consulting services around the world, including business consulting, engineering, technology and outsourcing services. Analyst Firdaus Ibrahim says Infosys generates impressive free cash flow and has demonstrated a commitment to disciplined operations. In addition, Ibrahim says Infosys has embraced artificial intelligence technology and is completely transforming its business model accordingly. He says elongated client decision timelines and macroeconomic uncertainty will be headwinds in the near term, but Ibrahim anticipates a rebound in tech spending in fiscal 2027. CFRA has a “buy” rating and $19 price target for INFY stock, which closed at $17.75 on Dec. 9.

NatWest Group PLC (NWG)

NatWest is a U.K. retail and commercial bank and financial services provider. Ibrahim says NatWest’s cost discipline, strong earnings momentum and aggressive capital return program will create value for long-term investors. He says the company’s improving efficiency has led to positive earnings trends and a decline in its cost-to-income ratio to 45.8%. Meanwhile, the company’s robust cash flow means it can support its dividends and share buybacks while maintaining a dividend payout ratio of less than 50%. Ibrahim projects 5% revenue growth in 2026. CFRA has a “buy” rating and $18 price target for NWG stock, which closed at $16.33 on Dec. 9.

Energy Transfer LP (ET)

Energy Transfer is a midstream U.S. oil and gas infrastructure provider with a focus on liquids logistics. The stock has an 8% dividend yield, the highest on this list. Analyst Stewart Glickman is bullish on Energy Transfer’s positioning in the Gulf of Mexico, and he says the company’s distributable cash per share exceeds its anticipated distributions. Gains in natural gas liquids and crude oil volumes have supported earnings growth this year, and Glickman says rising midstream demand has Energy Transfer well positioned heading into 2026. CFRA has a “buy” rating and $19 price target for ET stock, which closed at $16.67 on Dec. 9.

Vodafone Group PLC (VOD)

Vodafone is a leading global wireless communications provider that has assets focused in mature markets in Western Europe and high-growth emerging markets

in India and Africa. Analyst Adrian Ng says efforts to restructure Vodafone’s portfolio have paid off, making it a much healthier company. The company has completed the first tranche of its buyback program, and Ng says its German business should return to growth in fiscal 2026. Vodafone’s initial fiscal 2026 guidance calls for free cash flow growth, a sign the company’s transformation strategy is paying off. CFRA has a “buy” rating and $13 price target for VOD stock, which closed at $12.50 on Dec. 9.

Huntington Bancshares Inc. (HBAN)

Huntington Bancshares is a U.S. regional bank offering full-service consumer and commercial banking, insurance, brokerage services and investment management, mostly in the Midwest region. Analyst Alexander Yokum projects full-year revenue growth of 11%, boosted by rising loan deposit balances, falling funding costs and elevated loan growth. In addition, Yokum says positive momentum in payments, capital markets and wealth management will drive significant fee income growth for Huntington. Not only is the bank reporting steady net interest income growth, but margins also expanded slightly in the most recent quarter. CFRA has a “buy” rating and $20 price target for HBAN stock, which closed at $16.99 on Dec. 9.

[Read: 5 Best Cheap Stocks Under $5 to Buy Right Now]

Blue Owl Capital Inc. (OWL)

Blue Owl Capital is an alternative asset management firm that provides attractive financing and capital solutions to investment management firms and their portfolio companies. Analyst Kenneth Leon says his bullish outlook for Blue Owl is based on its strong fundamentals, encouraging long-term growth trajectory and stable business model. In addition, Leon says Blue Owl has opportunities to expand into massive addressable markets, including data centers. Finally, Leon says Blue Owl’s partnership with Voya allows the firm to tap into the lucrative retirement market. CFRA has a “buy” rating and $20 price target for OWL stock, which closed at $16.67 on Dec. 9.

Aegon Ltd. (AEG)

Aegon is a Dutch insurance company that offers insurance, savings, pension, and investment products and services around the world. Analyst Alex Goh says Aegon is attractively valued, trading at a significant discount to peers based on price-to-book ratio. Goh says Aegon’s stock has performed well, and the company has a track record of impressive execution. He says Aegon is on track to hit its 2025 financial targets and the company’s plan to potentially move its business headquarters to the U.S. could unlock additional growth levers. CFRA has a “buy” rating and $9.50 price target for AEG stock, which closed at $7.89 on Dec. 9.

Host Hotels & Resorts Inc. (HST)

Host Hotels & Resorts is a hotel and resort real estate investment trust (REIT) that owns luxury hotels in North and South America. Analyst Nathan Schmidt says improving business and group travel spending and stable economic conditions have supported lodging demand in 2025. However, if the economy softens in 2026, Schmidt says Host may be immune to the downturn given its luxury destinations tend to be more resilient to slowdowns in consumer spending. He says Host has the best balance sheet among all lodging REITs. CFRA has a “buy” rating and $20 price target for HST stock, which closed at $17.45 on Dec. 9.

ARC Resources Ltd. (OTC: AETUF)

ARC Resources is one of Canada’s largest producers of natural gas, condensate and crude oil. Analyst Jed Lemen says ARC’s free cash flow and production growth outlook make it an attractive investment opportunity heading into 2026. Lemen says ARC has dialed back production in the second half of 2025 in response to soft gas pricing in Western Canada, but the company’s cash flow has remained resilient. He says ARC has averaged 6.3% compound annual production growth since it acquired Seven Generations back in 2021. CFRA has a “buy” rating and $20.90 price target for AETUF stock, which closed at $19.32 on Dec. 9.

Albertsons Cos. Inc. (ACI)

Albertsons Cos. is one of the largest U.S. food retailers, and its leading store brands include Albertsons, Safeway and Vons. In 2024, U.S. regulators blocked a potential merger between Albertsons and Kroger on antitrust grounds. Analyst Arun Sundaram says the blocked merger has forced Albertsons to refocus on its business by investing in wages, promotions, store remodels and technology upgrades. Sundaram says Albertsons will likely return to its long-term financial goal of at least 2% identical sales growth fueled by digital revenue and pharmacy sales. CFRA has a “buy” rating and $23 price target for ACI stock, which closed at $17.23 on Dec. 9.

[SEE: 9 Highest Dividend-Paying Stocks in the S&P 500]

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10 Best Cheap Dividend Stocks to Buy Under $20 originally appeared on usnews.com

Update 12/10/25: This story was published at an earlier date and has been updated with new information.

As Chicago rethinks its monuments, an artist surrounds George Washington with ‘Other Washingtons’

By CNN
Chicago (CNN) — In Chicago, a lone statue of George Washington is now surrounded by “Other Washingtons,” which take the form of blue flags bearing the faces of Black Americans who bear the same last name. They include a range of notable figures and local heroes, such as the inventor George Washington Carver, Academy Award-winner Denzel Washington, architect Roberta Washington, and South Side school band leader Benjamin Washington.Who is worthy of a monument? That question circulated across the United States six years ago as the country reckoned with racial injustice in the aftermath of the killing of George Floyd, including who is represented by, or excluded from, our public symbols. Statues of controversial figures were vandalized and taken down, with more than 160 Confederate works removed from public spaces in 2020.Chicago has offered its own answer: to commission new monuments or respond to existing ones, based on internal research that found the city had gaps in representation of gender and race. This year, its Department of Cultural Affairs and Special Events (DCASE) is unveiling a spate of new artist commissions, called the Chicago Monuments Project.“Other Washingtons,” which opened on Thursday in Washington Park, on the city’s South Side, was conceptualized by artist and architect Amanda Williams and is the second so far to be completed. It asks community members to think of the Washingtons that matter to them, with flags and accompanying banners telling their stories and that will rotate out annually for three years.The project is meant to represent “a living archive,” said Kenya K. Merritt, a commissioner from DCASE, in a statement. It “can continue to grow, reflect community memory, and make space for stories that are less widely known.”The design is modeled after the flags that surround the Washington Monument in the nation’s capital, and the colors Williams chose — blue, cream, chocolate and salmon — reference a color palette developed by George Washington Carver, that the artist has explored as part of a larger body of work on the scientist.Depicting Washington on horseback during the Revolutionary War, the original monument has been there since 1904, and is actually a replica of one gifted to France. For a long time, the statue was fenced in after it was vandalized in June 2020. Monuments to Washington and other Founding Fathers were targeted by anti-racist protestors. Washington himself had hundreds of slaves at his home and plantation in Virginia. With the statue in Chicago located in a predominately Black neighborhood, Williams believes it doesn’t fully represent the community in which it resides.“How do you make the site relevant again?” That was the question on her mind when she received the commission, she explained in an interview at the opening event. “What does it mean to not touch him, but to make something that will maybe obscure him?”A monument to manyWilliams’ idea began to take shape with census research, finding that Washington has long been one of the top surnames almost entirely associated with Black Americans. In the 2000s, it reached the top spot, with around 90% of Washingtons identifying as African American. (In the 2020 census, the surname was outranked only by Pierre, though Washington is a much more common name.)It became clear to her then that she could monumentalize many Washingtons who might be more meaningful to passersby, from musicians and athletes to politicians and local heroes. In collaboration with the educator and nearby Englewood resident Candice Washington, who is curating the project, they launched a website to ask for collective input.“It allows the community to really take ownership,” Williams said. “They need to know these are their stories.”“Other Washingtons” is one of eight commissions planned across the city as part of the Chicago Monuments Project, which has received $6.8 million from the Mellon Foundation. Last month, markers around the city were completed to commemorate the victims of the Chicago Race Riot of 1919. Other commissions include a monument to honor Native voices, a sculpture of gospel singer and Civil Rights activist Mahalia Jackson, and a site to recognize the survivors who were tortured by the Chicago Police Department during the 1970s-1990s.But the initiative is bearing the fruits of its labor during President Trump’s second term, when the federal government, in contrast, has doubled down on honoring figures traditionally exalted in US history and is funding such monuments at a breakneck pace. The White House has announced a location for its long-planned National Garden of American Heroes, added sculptures of the Founding Fathers to a newly paved Rose Garden, regilded existing mythological statues by Leo Friedlander, and is pursuing a 250-foot-tall triumphal arch that would dwarf the Lincoln Memorial.Chicago mayor Brandon Johnson, who spoke at the opening of “Other Washingtons,” hopes that the city can set an example through the Chicago Monuments Project.“Through this initiative, Chicago sets a national model for how cities can invest in public art to preserve history, strengthen communities, and inspire real dialogue,” said Mayor Brandon Johnson in his public remarks. “‘Other Washingtons’ expands our understanding of our history and honors the many Washingtons who contribute and have shaped this city, and that will continue to inspire future generations.”At the event, some of those honored and their families were present. The local band leader Benjamin Washington was there, who Williams had not yet met. She ran up to introduce herself and shake his hand before speaking at the podium. After the remarks, different Washingtons smiled and took photos beneath their banners, wearing stickers that said “I’m a Washington.”“My name is Sonya Washington,” one woman said, pointing up to a banner as she introduced herself. “You can find me up there.”The-CNN-Wire™ & © 2026 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
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