2 Cheap Dividend Stocks You Can Buy Right Now
Between the market's big rally since March's low and the low interest rate environment it looks like we'll be stuck in for months (if not longer), it would be easy to give up a search for new dividend stocks. Don't do it. The fact is, there are plenty of income-producing companies that can be added to your portfolio for little more than a song. Two names, in particular, stand out as ones to consider.
It remains to be seen if the auto business will stage a full recovery from the fallout of the coronavirus outbreak. The industry was already struggling headed into the contagion, after reaching cyclical "peak auto" sales sometime in 2016.
But, for Genuine Parts Company (NYSE: GPC), it doesn't really matter. The average car driven on U.S. roads is now nearly 12 years old, according to data from IHS Markit, which further reports there are more than 278 million vehicles being regularly used by the nation's drivers. They may be better and last longer than they ever have, but with that many vehicles still in use, the need for repairs is sure to be steady. Genuine Parts will always have a healthy market for its replacement auto parts.
Source Fool.com
