2 Cheap Dividend Stocks You Can Buy Right Now
The markets have been in a tailspin recently and for opportunistic investors, it's a great time to secure great dividend stocks at discounted prices. When dividend stocks drop in value, investors earn higher yields and get more bang for their investment bucks.
Walgreens Boots Alliance (NASDAQ: WBA) and International Business Machines (NYSE: IBM) are top dividend stocks that pay much better than the average S&P 500 yield of 2%, and they've both fallen in price this year. Here's why you might want to add these two income-generating investments to your portfolio today.
Walgreens was already a top dividend stock before sliding more than 38% this year (the S&P 500 is up 3% over the same period). A Dividend Aristocrat, the Illinois-based pharmacy retailer has raised its dividends for 45 consecutive years, including a 2.2% increase announced in July. The company will now pay its shareholders a quarterly dividend of $0.46. At a share price of around $35, the stock yields 5.4%.
Source Fool.com
