SLIDESHOW: Top 5 Cheap Dividend Stocks Below $5

PHX Minerals focuses on perpetual natural gas and oil mineral ownership in resource plays. Co. owns mineral and leasehold properties and other natural gas and oil interests, which are located in Oklahoma, Texas, Louisiana, North Dakota and Arkansas. Co.'s natural gas, oil and natural gas liquids (NGL) production is from interests in various wells located in Oklahoma, Louisiana, Texas, Arkansas and North Dakota. Co. does not operate any wells. Co.'s principal products from the production associated with its royalty and non-operated interests are natural gas, crude oil and NGL. These products are sold by well operators to various purchasers, including pipeline and marketing companies. More details about PHX Minerals at: http://www.phxmin.com. View PHX's Dividend History » ETFs holding PHX »

Should PHX Minerals shares be counted among the Top 5 Cheap Dividend Stocks Below $5 label? To start, we see that the recent trading price for PHX stock is $3.05 and the dividend yield is 2.95% (as of 6/7/2023). The most recent quarter's (MRQ) earnings result, annualized, was $1.08/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, PHX Minerals produced $0.87/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $1.04/share. Comparing the current indicated annual dividend rate of $0.09 against that median result, we calculate a dividend payout ratio of 8.7%. Comparing the company's various earnings metrics against the stock price, we end up with a PE ratio of 2.9 for the TTM Median method, 2.8 for price to earnings using MRQ annualized, and 3.5 for current price/TTM earnings. Based on PHX's history, that recent TTM PE is low relative to the historical average, with the recent PE 92.0% lower than the average (TTM method) of 43.7.