Cheap Stocks to Buy Under $10 – Inland Real Estate (IRC)
Inland Real Estate (IRC) is an interesting option for your cheap stocks portfolio. The company owns commercial real estate properties and rents them to some of the biggest names in shopping — CVS (CVS), T.J. Maxx (TJX) and Walmart (WMT), among others.
Inland’s big-name tenants translate into rock-solid stability and the company thus boasts a 95% occupancy rate. It has been able to grow its net income by more than 11% over the last year, which has supported a big dividend payout.
As a REIT, Inland must pay 90% of taxable income to shareholders — so right now, the yield is about 5.4%.
Add that to 20% gains in the last year and you start to see how this $10 stock has a lot of upside in 2014.