5 ‘Strong Buy’ Stocks Trading Under $10 That Also Have Huge Dividends

Telefonica’s mobile and related services and products include mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless and trunking and paging services. Its fixed telecommunication services include PSTN lines; ISDN accesses; public telephone services; local, domestic and international long-distance and fixed-to-mobile communications; corporate communications; supplementary value-added services; video telephony; intelligent network; and telephony information services. It also leases and sells handset equipment.

The company also provides internet and broadband multimedia services, including internet service provider, portal and network, retail and wholesale broadband access, narrowband switched access, high-speed Internet through fiber to the home, and voice over internet protocol services. In addition, it offers leased line, virtual private network, fiber optics, web hosting and application, outsourcing and consultancy, desktop, and system integration and professional services.

The dividend yield here is 8.11%. The $5.13 Goldman Sachs tops the $5.01 consensus target. On Friday, shares traded at $3.80.

United Microelectronics

BofA Securities initiated coverage of this Taiwanese semiconductor company in January with a Buy rating. United Microelectronics Corp. (NYSE: UMC) operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe and elsewhere. The company provides circuit design, mask tooling, wafer fabrication and assembly and testing services. It serves fabless design companies and integrated device manufacturers.

Like many chip companies, United Microelectronics has seen some tough sledding, but many think that the supply chain issues that have dogged the industry for the past year are finally starting to ease. Some on Wall Street feel the stock has the potential that industry powerhouse Taiwan Semiconductor has shown.

Shareholders receive a 6.31% dividend. The BofA Securities target price is $8.50, while the consensus is $7.38. Shares traded at $8.55 on Friday.

These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with absolutely no track record or liquidity.

Originally published at 24/7 Wall St.

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