Cheap Stocks to Buy Under $10 – Banco Santander (SAN)
Battered by the downturn in Europe, Spanish financial Banco Santander (SAN) has faced a lot of trouble since 2009. But SAN is finally showing signs of turning around as Spain starts growing once more. Europe finally exited recession in late 2013 and stability in the region has naturally led to more stability at its banks.
But SAN isn’t just a Europe story. Santander also has extensive operations in Latin America to fuel growth … and that exposure makes it one of the best cheap stocks under $10 to consider this year.
Adding this international stock is easy, too, because Banco Santander trades on the New York Stock Exchange just like Walmart (WMT).
If you’re looking to get a position in Europe as the continent bounces back from recession or if you want to play the emerging market consumer in Latin America, SAN is a great way to do so. And with an annualized dividend yield of about 8.8%, this bank stock will pay you nicely even if the share price stays put.