<div id="readability-page-1">24/7 Wall St. Insights <ul> <li>Companies that pay ultra-high-yield dividends are perfect for those seeking passive income.</li> <li>With interest rates set to fall, dividend stocks will move back in favor.</li> <li>Grab this free report today: Access 2 legendary, high-yield dividend stocks Wall Street loves</li> </ul> While most of Wall Street focuses on large and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the most significant public companies, especially the technology giants, trade at prices up to $1,000 per share, while many are in the low to mid-hundreds. It is hard to get decent share count leverage at those steep prices. Many investors, especially more aggressive traders, look at lower-priced stocks to make good money and get a higher share count. That can help the decision-making process, especially when you are on to a winner, as you can always sell and keep half. For low-price stock skeptics, many of the biggest companies in the world, including Apple, Amazon, Netflix, and Nvidia, all traded in the single digits at one time. We screened our 24/7 Wall St. research database, looking for stock trading under $5 that come with double-digit ultra-high-yield dividends that could offer patient investors enormous returns for the rest of 2024 and beyond. Five companies that hit our screens, making the total return potential even more intriguing. Dividend investors should also snap up this new report. <h2>Why are we covering these stocks?</h2> <img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2022/03/imageForEntry1-STh.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1366" height="766" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2022/03/imageForEntry1-STh.jpg"/>For investors with a smaller capital base, low-price stocks that pay large dividends are an incredible way to generate passive income and produce big total returns. At 247 Wall St., we consistently emphasize the potential of total return to our readers, as it is one of the most effective ways to enhance the prospects of overall investing success. Once again, total return is the collective increase in a stock’s value plus dividends. <h2>Cato Corporation</h2> <figure><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2021/03/imageForEntry31-XtB.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1366" height="768" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2021/03/imageForEntry31-XtB.jpg"/><figcaption>Cato Corporation is an American retailer of women’s fashion and accessories.</figcaption></figure> Paying shareholders a gigantic 14.02% dividend, this company, founded in 1946, could attract value buyers at current trading levels. Cato Corp. (NYSE: CATO) and its subsidiaries operate as a specialty fashion apparel and accessories retailer in the southeastern United States. It operates through two segments: <ul> <li>Retail</li> <li>Credit</li> </ul> The company’s stores and e-commerce websites offer a range of apparel and accessories, including: <ul> <li>Dressy, career, and casual sportswear</li> <li>Dresses</li> <li>Coats</li> <li>Shoes</li> <li>Lingerie</li> <li>Costume jewelry</li> <li>Handbags</li> <li>Men’s wear</li> <li>Lines for kids and infants</li> </ul> It operates its stores and e-commerce websites under these names: <ul> <li>Cato</li> <li>Cato Fashions</li> <li>Cato Plus</li> <li>It’s Fashion</li> <li>Fashion Metro</li> <li>Versona names</li> </ul> It also provides credit card services and layaway plans for its customers. <h2>Medical Properties Trust</h2> <figure><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2022/10/imageForEntry34-isb.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1366" height="767" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2022/10/imageForEntry34-isb.jpg"/><figcaption>Medical Properties Trust owns properties in the United States, Australia, Colombia, Germany, Italy, Portugal, Spain, Switzerland, Finland, and the United Kingdom.</figcaption></figure> Not only does Medical Properties Trust Inc. (NYSE: MPW) stand out in the health care industry, but it pays a rich 13.07% dividend. The company is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. Since its inception, the company has become one of the world’s largest owners of hospital real estate with 441 facilities and approximately 44,000 licensed beds as of September 30, 2023. Since the end of the third quarter in 2023, the company has sold four facilities and now owns approximately 43,000 licensed beds in nine countries across three continents. It sold eight additional properties in July as it continues to strengthen its liquidity position The company’s financing model facilitates acquisitions and recapitalizations and allows hospital operators to unlock the value of their real estate assets to fund facility improvements, technology upgrades, and other investments in operations. <h2>Orion Office REIT</h2> <figure><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2022/09/imageForEntry18-nmC.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1366" height="768" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2022/09/imageForEntry18-nmC.jpg"/><figcaption>Orion Office REIT specializes in the ownership, acquisition, and management of a diversified portfolio of mission-critical and corporate headquarters.</figcaption></figure> Trading under $4 with a massive 10.55% dividend, this company could double in price from its current trading levels. Orion Office REIT Inc. (NYSE: ONL) specializes in owning, acquiring, and managing a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the United States. The portfolio is leased primarily to creditworthy tenants on a single-tenant net lease basis. The company’s team of experienced industry leaders employs a proven, cycle-tested investment evaluation framework, which serves as the lens through which capital allocation decisions are made for the current portfolio and future acquisitions. The company was founded on July 1, 2021, spun off from Realty Income Corp. (NYSE: O) on November 12, 2021, and began trading on the New York Stock Exchange on November 15, 2021. The company is headquartered in Phoenix, Arizona, and has an office in New York. <h2>Prospect Capital</h2> <figure><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2018/06/traders-jpmorgan-financial-firm.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1366" height="768" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2018/06/traders-jpmorgan-financial-firm.jpg"/><figcaption>Prospect Capital is a leading flexible private debt and equity capital provider.</figcaption></figure> Hedge funds love this top business development company, and the gigantic 14.68% dividend paid monthly makes it a potential total return home run. Prospect Capital Corp. (NASDAQ: PSEC) specializes in: <ul> <li>Middle market, mature, mezzanine finance</li> <li>Later stage, emerging growth</li> <li>Leveraged buyouts</li> <li>Refinancing</li> <li>Acquisitions</li> <li>Recapitalizations</li> <li>Turnaround</li> <li>Growth capital development</li> <li>Capital expenditures</li> <li>Subordinated debt tranches of collateralized loan obligations,</li> <li>Cash flow term loans</li> <li>Market place lending</li> <li>Bridge transactions</li> </ul> It also invests in the multi-family residential real estate asset class. The fund makes secured debt, senior debt, senior and secured term loans, unitranche debt, first-lien and second-lien, private debt, private equity, mezzanine debt, and equity investments in private and microcap public businesses. Prospect Capital focuses on both primary origination and secondary loans/portfolios and invests in situations such as debt financing for private equity sponsors, acquisitions, dividend recapitalizations, growth financings, bridge loans, cash flow term loans, and real estate financings/investments. The company invests in the following sectors and business silos: <ul> <li>Aerospace and defense</li> <li>Chemicals</li> <li>Conglomerate and consumer services</li> <li>Ecological</li> <li>Electronics</li> <li>Financial services</li> <li>Machinery and manufacturing</li> <li>Media</li> <li>Pharmaceuticals</li> <li>Retail</li> <li>Software</li> <li>Specialty minerals</li> <li>Textiles and leather</li> <li>Transportation</li> <li>Oil gas and coal production</li> </ul> In addition to favoring materials, industrials, consumer discretionary, information technology, utilities, pipeline, storage, power generation and distribution, renewable and clean energy, oilfield services, healthcare, food and beverage, education, business services, and other select sectors <h2>Uniti Group</h2> <figure><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2020/12/imageForEntry16-jnR.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1366" height="768" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2020/12/imageForEntry16-jnR.jpg"/><figcaption>Uniti is an internally managed real estate investment trust that acquires and constructs mission-critical communications.</figcaption></figure> Way off the radar, this specialty company delivers a massive 10.68% dividend. Uniti Group Inc. (NASDAQ: UNIT) is an internally managed real estate investment trust engaged in acquiring and constructing mission-critical communications infrastructure and is a leading provider of fiber and other wireless solutions for the communications industry. As of December 31, 2023, Uniti owns approximately 140,000 fiber route miles, 8.5 million fiber strand miles, and other communications real estate throughout the United States. Uniti is not resting on its laurels. The company recently announced a significant network expansion in Huntsville, Alabama, one of its existing 30 enterprise markets. This expansion, spanning approximately 70 route miles, is not just a move to increase its footprint. It’s a strategic decision to support one of its hyperscale customers, demonstrating Uniti’s forward-thinking approach and potential for future success. Uniti provides multiple conduits and high-strand count fiber to its hyper-scale customer to connect key data center locations within the Huntsville metropolitan area and tie in diverse, long-haul routes connecting Huntsville to other regional and national data center markets. Best Dividend Stocks Yielding Over 12% to Buy Now <div> <h2>ALERT: Take This Retirement Quiz Now (Sponsored)</h2> Take the quiz below to get matched with a financial advisor today. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. Here’s how it works: 1. Answer SmartAsset advisor match quiz 2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles. 3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future Take the retirement quiz right here. </div> The post 5 Sizzling Stocks Under $5 That Pay Massive Ultra-High-Yield Dividends appeared first on 24/7 Wall St..</div>

CATO

The article discusses five low-priced stocks offering ultra-high-yield dividends, ideal for passive income seekers as interest rates are expected to drop. It highlights Cato Corporation (14.02% dividend), Medical Properties Trust (13.07%), and Orion Office REIT (10.55%), among others, emphasizing their potential for significant total returns for patient investors in 2024 and beyond. These stocks provide opportunities for investors with smaller capital bases to enhance yields and capitalize on market movements.