You may not think that you have enough to get started on building your stream of passive income from dividend stocks, but here's some good news: You don't need a lot of money to get started in dividend investing. The biggest journeys start with a small step, so here are three great dividend stocks that you can buy right now for less than $50 each.
Foot Locker (NYSE: FL) might not be the first name that comes to mind when you think of dividends, but this is a great dividend stock that you can buy right now for less than $50. At the current stock price, shares of Foot Locker yield over 4%, well above the market average. Franchise Group (NASDAQ: FRG) is another top-notch dividend stock that is even cheaper than Foot Locker and yields even more. Shares trade at just under six times earnings and yield over 7%, which is hard to beat in today's market. Let's stay in the world of ultra high-yield stocks with our final selection, Altria (NYSE: MO). Shares of the tobacco giant yield a whopping 8.4%.
Source: NASDAQ
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