Have $1,000? 1 High-Yield Dividend Stock to Buy and Hold
If you've got $1,000 left over from holiday spending and you're interested in buying some cheap stocks, Ford Motor Company (NYSE: F) has a unique blend of value and dividend yield that might interest you.
Not only does the venerable automaker trade at a cheap price-to-earnings ratio of 7, but it also offers a dividend yield over 5% and has solid upside potential in the coming couple of years as it turns its cash-burning electric vehicle (EV) business into a profitable operation.
While the automotive industry is poised to evolve more in the coming two decades than in the past century, thanks to a transition to EVs and potential groundbreaking technology for driverless vehicles, the truth is these are expensive undertakings.
Source Fool.com
