3 Incredibly Cheap Dividend Stocks
Comments from the Fed and geopolitical tensions are just two catalysts that have roiled the markets recently, leaving investors to find a lot of red in their portfolios. All's not lost, though. Fortifying your holdings with reliable dividend stocks can provide streams of passive income to strengthen your finances during these tumultuous times.
But grabbing dividend darlings that are also on sale -- that's a win-win. Income investors also looking to save a buck, therefore, will want to take a look at three dividend darlings on sale right now: United Parcel Service (NYSE: UPS), Texas Instruments (NASDAQ: TXN), and Phillips 66 (NYSE: PSX).
With a forward dividend yield of 3.1%, UPS is one stock that can deliver steady passive income to investors' portfolios. While its history stretches back to 1907, the company has been an investment option since 1999, when it debuted in the public markets. During the last 23 years, UPS has maintained or increased its dividend every year, demonstrating a commitment to rewarding shareholders. Over the last five years, in particular, the company has taken a more conservative approach to its distribution, averaging a payout ratio of 67%.
Source Fool.com
