10 Cheap Dividend Stocks to Buy Today in 2021

Posted on Friday, June 25th, 2021 by MarketBeat Staff
While COVID-19 was a sucker-punch to the stock market earlier in the year, the stock market is roaring back.  The Dow now over 30,000, and the S&P 500 is trading above 3,700. S&P 500 stocks are trading at nearly 23 times their annual earnings, still well above historical norms.

At the same time, interest rates are near all-time lows (and probably dipping even lower). 10-year Treasuries are yielding just 0.9%, and collectively S&P 500 stocks are yielding under 2%. Some investors think that it's too challenging to find safe and affordable securities that pay 4%, 5%, and even 6% yields.

Searching for yield isn't easy in an environment where historically high asset prices and stimulus from the Fed have driven down yields. This doesn't leave many options for investors looking for retirement income or a decent dividend yield on their stocks, but there are a handful of cheap dividend stocks to buy that are still yielding 3-6%. 

Let's review some of the best cheap dividend stocks in the market today in this slideshow.

#1 - Enterprise Products Partners (NYSE:EPD)

Share Price: $24.13
Dividend Yield: 7.44%
Track Record: 1 Years of Consecutive Dividend Growth
Payout Ratio: 91.4%
Consensus Rating: Buy
Consensus Price Target: $25.67 (6.4% Upside)

Insider Trades by Quarter for Enterprise Products Partners (NYSE:EPD)

Enterprise Products Partners logoEnterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. Read More 


#2 - Verizon Communications (NYSE:VZ)

Share Price: $56.37
Dividend Yield: 4.48%
Track Record: 14 Years of Consecutive Dividend Growth
Payout Ratio: 49.3%
Consensus Rating: Hold
Consensus Price Target: $62.46 (10.8% Upside)

Insider Trades by Quarter for Verizon Communications (NYSE:VZ)

Verizon Communications logoVerizon Communications Inc offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled internet devices, such as tablets, and other wireless-enabled connected devices, such as smart watches. Read More 

#3 - The Coca-Cola (NYSE:KO)

Share Price: $54.39
Dividend Yield: 3.1%
Track Record: 59 Years of Consecutive Dividend Growth
Payout Ratio: 77.1%
Consensus Rating: Buy
Consensus Price Target: $59.00 (8.5% Upside)

Insider Trades by Quarter for The Coca-Cola (NYSE:KO)

The Coca-Cola logoThe Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plantÂ-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores. Read More 

#4 - Genuine Parts (NYSE:GPC)

Share Price: $126.16
Dividend Yield: 2.6%
Track Record: 59 Years of Consecutive Dividend Growth
Payout Ratio: 54.1%
Consensus Rating: Hold
Consensus Price Target: $128.00 (1.5% Upside)

Insider Trades by Quarter for Genuine Parts (NYSE:GPC)

Genuine Parts logoGenuine Parts Company distributes automotive replacement parts, and industrial parts and materials. The company distributes automotive replacement parts for imported vehicles, hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and accessory and supply items used by various automotive aftermarket customers, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals. Read More 

#5 - Lamar Advertising (NASDAQ:LAMR)

Share Price: $103.25
Dividend Yield: 2.89%
Track Record: 1 Years of Consecutive Dividend Growth
Payout Ratio: 92.3%
Consensus Rating: Buy
Consensus Price Target: $91.50 (11.4% Downside)

Insider Trades by Quarter for Lamar Advertising (NASDAQ:LAMR)

Lamar Advertising logoFounded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with over 357,500 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day. Read More 

#6 - Philip Morris International (NYSE:PM)

Share Price: $99.03
Dividend Yield: 4.8%
Track Record: 12 Years of Consecutive Dividend Growth
Payout Ratio: 78.8%
Consensus Rating: Buy
Consensus Price Target: $101.08 (2.1% Upside)

Insider Trades by Quarter for Philip Morris International (NYSE:PM)

Philip Morris International logoPhilip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, and Parliament HeatSticks brands, as well as under the Fiit and Miix licensed brands. Read More 

#7 - Altria Group (NYSE:MO)

Share Price: $47.43
Dividend Yield: 7.32%
Track Record: 12 Years of Consecutive Dividend Growth
Payout Ratio: 74.9%
Consensus Rating: Buy
Consensus Price Target: $51.10 (7.7% Upside)

Insider Trades by Quarter for Altria Group (NYSE:MO)

Altria Group logoAltria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, oral tobacco products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches. Read More 

#8 - Realty Income (NYSE:O)

Share Price: $67.00
Dividend Yield: 4.18%
Track Record: 27 Years of Consecutive Dividend Growth
Payout Ratio: 189.9%
Consensus Rating: Buy
Consensus Price Target: $73.11 (9.1% Upside)

Insider Trades by Quarter for Realty Income (NYSE:O)

Realty Income logoRealty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with our commercial clients. Read More 

#9 - Ventas (NYSE:VTR)

Share Price: $57.96
Dividend Yield: 3.04%
Track Record: 1 Years of Consecutive Dividend Growth
Payout Ratio: -750.0%
Consensus Rating: Hold
Consensus Price Target: $53.78 (7.2% Downside)

Insider Trades by Quarter for Ventas (NYSE:VTR)

Ventas logoVentas, an S&P 500 company, operates at the intersection of two powerful and dynamic industries Â- healthcare and real estate. As one of the world's foremost Real Estate Investment Trusts (REIT), we use the power of capital to unlock the value of real estate, partnering with leading care providers, developers, research and medical institutions, innovators and healthcare organizations whose success is buoyed by the demographic tailwind of an aging population. Read More 

 

7 Lithium Stocks That Will Power the Electric Vehicle Boom

Demand for lithium is set to increase exponentially in the next few years. In fact, according to Statista, demand for lithium may very well double to 820,000 tons in that time. Some of that demand will come from companies that are manufacturing the batteries that we use every day. For example, lithium is an essential component of the batteries that power our mobile devices.

But the real growth will come as the United States goes all-in on electric vehicles (EVs). The Biden administration recently announced plans to have the U.S. government’s fleet of over 600,000 vehicles converted to EVs.

And as you’re aware, EV stocks are in a bubble of some sort at the moment. Some of that is due to the increasing number of companies that went public last year. However, as investors are beginning to realize, not all of these companies will be the next Tesla. In fact, some of these companies may never be successful at bringing an EV to market, at least not at the scale that will be required.

The ones that do make it will need lithium and lots of it. To help you sift through the best lithium stocks to buy, we’ve put together this special presentation.

View the "7 Lithium Stocks That Will Power the Electric Vehicle Boom" Here.







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