Buying dividend stocks that are trading at low earnings multiples can set investors up to earn recurring income while also potentially benefiting from capital gains in the future. While undervalued stocks can sometimes be value traps, that isn't the case with these quality investments. 

Novartis (NYSE: NVS), Canadian Imperial Bank of Commerce (NYSE: CM), and Intel (NASDAQ: INTC) are solid stocks with great yields to consider buying right now.

Swiss drugmaker Novartis is a top healthcare company that has generated close to $7 billion in sales this year just from two products alone -- Cosentyx and Entresto. And with $24.3 billion in revenue during the first nine months of the year, the company isn't overly dependent on those products. Good diversification is part of the reason the stock makes for a solid dividend investment.

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Source Fool.com