3 Incredibly Cheap Dividend Stocks

In a wobbly economic environment, dividend stocks tend to be seen as safe havens. That's because income (cash flow) becomes more valuable when there are few growth prospects, and purchasing power needs to be preserved. In the unusual current market environment, though, the specter of economic weakness is dragging a bunch of dividend stocks down just as much as it's upending growth stocks. What gives?

Blame soaring inflation, mostly. It prompts higher interest rates and yields, and the easiest, fastest way to pump up a stock's dividend yield is by lowering its price. Most companies can't raise their dividend payouts aggressively enough to offset the full impact of recent interest rate hikes. As is so often the case, though, the market has moved too far and too fast in devaluing some dividend payers.

Here's a rundown of three cheap dividend stocks to buy because the sellers overshot their target and made the stock for some otherwise solid companies cheap.

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Source Fool.com