2 Dirt-Cheap Dividend Stocks to Buy and Hold Forever
Dividend stocks are worth serious consideration, especially given the current state of the economy. With inflation near 40-year highs in the U.S., dividends can be a source of supplemental income for those who need it. And since the rise in prices can eat into investors' returns, opting for automatic dividend reinvestment can help fight off the harmful effects of inflation on your portfolio.
But what's even better than dividend stocks? Cheap dividend stocks. Let's look at two companies to consider -- both of which are excellent, dividend-paying companies and look like steals at current levels: AbbVie (NYSE: ABBV) and Bristol Myers Squibb (NYSE: BMY).
Pharma giant AbbVie offers a dividend yield of 4.01%, significantly higher than the S&P 500's average of 1.27%. In addition, the company is a Dividend King, which means it has raised its payout for at least 50 consecutive years. The company's total revenue for the third quarter increased by 11.2% to $14.3 billion.
Source Fool.com
