With the market still near all-time highs, finding quality dividend stocks that aren't overpriced is a real challenge. One strategy is to look for a good company going through a rough patch, buy it at a low price, and lock in a nice dividend. This strategy isn't without risk, but I'd argue it makes more sense than paying an arm and a leg for expensive dividend stocks.
International Business Machines (NYSE: IBM), Target (NYSE: TGT), and American Eagle (NYSE: AEO) all trade at pessimistic valuations, and they all sport dividend yields in excess of 4%. Here's why investors should consider these three beaten-down dividend stocks.
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Source: Fool.com