Finding the cheapest stock with the highest dividend payout typically leads income-seeking investors to specialized high-yield asset classes, such as mortgage real estate investment trusts (mREITs), marine dry-bulk shipping operators, closed-end funds (CEFs), or micro-cap Business Development Companies (BDCs), where nominal share prices often trade under $10 to $20 while offering double-digit dividend yields between 10% and 18%. However, seasoned financial professionals caution that an extraordinarily high dividend yield on a low-priced stock frequently represents a "yield trap"—a scenario where the underlying company is experiencing severe fundamental distress, falling share prices, and an unsustainable payout that is at immediate risk of being slashed. What are your specific financial return objectives, total available investment budget, and risk parameters? Consulting a licensed financial advisor is recommended.