3 Dirt Cheap High-Yield Dividend Stocks to Buy in August
Whether the stock market is near an all-time high or in a bear market, no one wants to pay more for a share of a company than it is worth. But that's easier said than done, given companies have varying growth rates and business strategies.
A dirt cheap dividend stock could be a company that is being valued at less than its historical metrics indicate. Or it could have a compelling growth runway. Or it could have an excellent management team that consistently executes on plans and has a track record for growing earnings. Phillips 66 (NYSE: PSX), Kinder Morgan (NYSE: KMI), and United Parcel Service (NYSE: UPS) are three industry-leading businesses that are all cheap stocks based on historical valuations. But they are also well positioned to keep growing their businesses in the years to come. Investing in equal parts of each company gives an investor a dividend yield of 4.6%. Here's what makes each dividend stock a compelling investment opportunity now.
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Source Fool.com
