12 Cheap Dividend Stocks to Buy Today in 2017

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The markets are off to a strong start in 2017 and major markets are trading at near all-time highs. The Dow is hovering around 21,000 and the S&P 500 is trading near 2,400. S&P 500 stocks are trading at nearly 25 times their annual earnings, well above historical norms.

At the same time, interest rates are near all time lows. 10-year Treasuries are yielding just 2.3% 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 high asset prices have driven down dividend yields, but there are a few meaningful options to find yield. With interest rates slowly beginning to rise, investors have found dividend stocks slightly less attractive. This has created a small group of cheap dividend stocks to buy, many of which have yields twice as large as the 10-year Treasury.

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

#1 - Hanesbrands (NYSE:HBI)

Share Price: $21.24
Dividend Yield: 2.91%
Track Record: 3 Years of Consecutive Dividend Growth
Payout Ratio: 30.9%
Consensus Rating: Buy
Consensus Price Target: $26.00 (22.4% Upside)

Insider Trades by Quarter for Hanesbrands (NYSE:HBI)

Hanesbrands logoHanesbrands Inc. is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under apparel brands, such as Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L'eggs, Lovable, Wonderbra, Flexees, Gear for Sports and Berlei. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Innerwear segment focuses on core apparel products, such as intimate apparel, men's underwear, women's panties, children's underwear, socks and hosiery. The Company operates in the activewear market through its Champion, Hanes and JMS/Just My Size brands. The Direct to Consumer segment operations include its domestic Company-operated outlet stores and Website operations that sell its branded products directly to consumers in the United States. The International segment includes products that primarily span across the innerwear and activewear segments.

#2 - Compass Minerals International (NYSE:CMP)

Share Price: $68.70
Dividend Yield: 4.18%
Track Record: 13 Years of Consecutive Dividend Growth
Payout Ratio: 109.9%
Consensus Rating: Buy
Consensus Price Target: $73.60 (7.1% Upside)

Insider Trades by Quarter for Compass Minerals International (NYSE:CMP)

Compass Minerals International logoCompass Minerals International, Inc. (CMI) is a provider of essential minerals that solve nature's challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses; specialty plant nutrition minerals for the quality and yield of crops, and specialty chemicals for water treatment and other industrial processes. The Company has three segments: Salt, Plant Nutrition North America and Plant Nutrition South America. The Salt segment produces and markets salt and magnesium chloride for use in road deicing and dust control, food processing, water softeners, and agricultural and industrial applications. Its Plant Nutrition North America segment includes sales of sulfate of potash (SOP) specialty fertilizer and micronutrients. The Plant Nutrition South America segment operates two primary businesses in Brazil: agricultural productivity and chemical solutions.

#3 - Wells Fargo & Company (NYSE:WFC)

Share Price: $59.40
Dividend Yield: 2.65%
Track Record: 5 Years of Consecutive Dividend Growth
Payout Ratio: 39.3%
Consensus Rating: Hold
Consensus Price Target: $57.46 (-3.3% Upside)

Insider Trades by Quarter for Wells Fargo & Company (NYSE:WFC)

Wells Fargo & Company logoWells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial. It provides retail, commercial and corporate banking services through banking locations and offices, the Internet and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in other countries. It provides other financial services through its subsidiaries engaged in various businesses, including wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing services, investment advisory services, mortgage-backed securities servicing and venture capital investment.

#4 - Spectra Energy Partners (NYSE:SEP)

Share Price: $42.05
Dividend Yield: 6.88%
Track Record: 10 Years of Consecutive Dividend Growth
Payout Ratio: 83.1%
Consensus Rating: Buy
Consensus Price Target: $48.80 (16.1% Upside)

Insider Trades by Quarter for Spectra Energy Partners (NYSE:SEP)

Spectra Energy Partners logoSpectra Energy Partners, L.P. through its subsidiaries and equity affiliates, is engaged in the transmission, storage and gathering of natural gas, the transportation and storage of crude oil, and the transportation of natural gas liquids. Its segments include U.S. Transmission, Liquids and Other. The U.S. Transmission business provides transmission, storage, and gathering of natural gas for customers in various regions of the northeastern and southeastern United States. The Liquids business provides transportation and storage of crude oil for customers in the central United States and Canada. As of December 31, 2016, it had over 15,000 miles of transmission and transportation pipelines, and the storage of natural gas in underground facilities with aggregate working gas storage capacity of approximately 170 billion cubic feet in the United States and Canada. It owns and operates natural gas transmission, gathering and storage assets, and crude oil transportation and storage assets.

#5 - Amgen (NASDAQ:AMGN)

Share Price: $177.38
Dividend Yield: 2.6%
Track Record: 6 Years of Consecutive Dividend Growth
Payout Ratio: 41.7%
Consensus Rating: Buy
Consensus Price Target: $190.89 (7.6% Upside)

Insider Trades by Quarter for Amgen (NASDAQ:AMGN)

Amgen logoAmgen Inc. is a biotechnology company. The Company discovers, develops, manufactures and delivers various human therapeutics. It operates in human therapeutics segment. Its marketed products portfolio includes Neulasta (pegfilgrastim); erythropoiesis-stimulating agents (ESAs), such as Aranesp (darbepoetin alfa) and EPOGEN (epoetin alfa); Sensipar/Mimpara (cinacalcet); XGEVA (denosumab); Prolia (denosumab); NEUPOGEN (filgrastim), and other marketed products, such as KYPROLIS (carfilzomib), Vectibix (panitumumab), Nplate (romiplostim), Repatha (evolocumab), BLINCYTO (blinatumomab), IMLYGIC (talimogene laherparepvec) and Corlanor (ivabradine). It focuses on human therapeutics for the treatment of serious illness in the areas of oncology/hematology, cardiovascular disease and neuroscience. Its product candidates in Phase III include Erenumab for episodic migraine, Aranesp for myelodysplastic syndromes, BLINCYTO for acute lymphoblastic leukemia and IMLYGIC for metastatic melanoma.

#6 - Magellan Midstream Partners (NYSE:MMP)

Share Price: $68.61
Dividend Yield: 5.33%
Track Record: 7 Years of Consecutive Dividend Growth
Payout Ratio: 93.3%
Consensus Rating: Hold
Consensus Price Target: $78.92 (15.0% Upside)

Insider Trades by Quarter for Magellan Midstream Partners (NYSE:MMP)

Magellan Midstream Partners logoMagellan Midstream Partners, L.P. is principally engaged in the transportation, storage and distribution of refined petroleum products and crude oil. The Company operates through three segments: refined products, crude oil and marine storage. As of December 31, 2016, its asset portfolio, including the assets of its joint ventures, consisted of its refined products segment, consisting 9,700-mile refined products pipeline system with 53 terminals, as well as 26 independent terminals not connected to its pipeline system and its 1,100-mile ammonia pipeline system; its crude oil segment, consisted of approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 26 million barrels, of which 16 million are used for contract storage, and its marine storage segment, consisted of five marine terminals located along coastal waterways with an aggregate storage capacity of approximately 26 million barrels.

#7 - Pfizer (NYSE:PFE)

Share Price: $36.64
Dividend Yield: 3.53%
Track Record: 7 Years of Consecutive Dividend Growth
Payout Ratio: 49.4%
Consensus Rating: Buy
Consensus Price Target: $38.60 (5.3% Upside)

Insider Trades by Quarter for Pfizer (NYSE:PFE)

Pfizer logoPfizer Inc. (Pfizer) is a research-based global biopharmaceutical company. The Company is engaged in the discovery, development and manufacture of healthcare products. Its global portfolio includes medicines and vaccines, as well as consumer healthcare products. The Company manages its commercial operations through two business segments: Pfizer Innovative Health (IH) and Pfizer Essential Health (EH). IH focuses on developing and commercializing medicines and vaccines, as well as products for consumer healthcare. IH therapeutic areas include internal medicine, vaccines, oncology, inflammation and immunology, rare diseases and consumer healthcare. EH includes legacy brands, branded generics, generic sterile injectable products, biosimilars and infusion systems. EH also includes a research and development (R&D) organization, as well as its contract manufacturing business. Its brands include Prevnar 13, Xeljanz, Eliquis, Lipitor, Celebrex, Pristiq and Viagra.

#8 - General Electric (NYSE:GE)

Share Price: $17.76
Dividend Yield: 5.44%
Track Record: 0 Years of Consecutive Dividend Growth
Payout Ratio: 89.7%
Consensus Rating: Hold
Consensus Price Target: $23.79 (33.9% Upside)

Insider Trades by Quarter for General Electric (NYSE:GE)

General Electric logoGeneral Electric Company is a global digital industrial company. The Company's products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

#9 - Enterprise Products Partners (NYSE:EPD)

Share Price: $25.90
Dividend Yield: 6.63%
Track Record: 18 Years of Consecutive Dividend Growth
Payout Ratio: 129.0%
Consensus Rating: Buy
Consensus Price Target: $30.88 (19.2% Upside)

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

Enterprise Products Partners logoEnterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company's segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The Company's midstream energy operations include natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and import and export terminals, including liquefied petroleum gas (LPG); crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage, export and import terminals, and related services, and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems.

#10 - Emerson Electric (NYSE:EMR)

Share Price: $67.20
Dividend Yield: 2.92%
Track Record: 60 Years of Consecutive Dividend Growth
Payout Ratio: 66.4%
Consensus Rating: Hold
Consensus Price Target: $66.92 (-0.4% Upside)

Insider Trades by Quarter for Emerson Electric (NYSE:EMR)

Emerson Electric logoEmerson Electric Co. is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions. The Company's principal production operations are electronics assembly, metal stamping, forming, casting, machining, welding, plating, heat treating, painting and assembly. In addition, the Company uses specialized production operations, including automatic and semiautomatic testing, automated material handling and storage, ferrous and nonferrous machining, and special furnaces for heat treating and foundry applications. The Company provides measurement, control and diagnostic technologies for automated industrial processes.

#11 - Procter & Gamble (NYSE:PG)

Share Price: $90.88
Dividend Yield: 3.06%
Track Record: 60 Years of Consecutive Dividend Growth
Payout Ratio: 66.2%
Consensus Rating: Hold
Consensus Price Target: $86.42 (-4.9% Upside)

Insider Trades by Quarter for Procter & Gamble (NYSE:PG)

Procter & Gamble logoThe Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies. It offers products under the brands, such as Olay, Old Spice, Safeguard, Head & Shoulders, Pantene, Rejoice, Mach3, Prestobarba, Venus, Cascade, Dawn, Febreze, Mr. Clean, Bounty and Charmin.

#12 - AmeriGas Partners (NYSE:APU)

Share Price: $45.19
Dividend Yield: 8.3%
Track Record: 12 Years of Consecutive Dividend Growth
Payout Ratio: 134.3%
Consensus Rating: Hold
Consensus Price Target: $46.00 (1.8% Upside)

Insider Trades by Quarter for AmeriGas Partners (NYSE:APU)

AmeriGas Partners logoAmeriGas Partners, L.P. is a holding company. The Company is a retail propane distributor in the United States. It serves approximately two million residential, commercial, industrial, agricultural, wholesale and motor fuel customers in all 50 states from approximately 2,000 propane distribution locations. It operates through the segment that engages in the distribution of propane and related equipment and supplies. The Company conducts its business through its subsidiary, AmeriGas Propane, L.P. The Partnership also sells, installs and services propane appliances, including heating systems, and operates a residential heating, ventilation, air conditioning, plumbing, and related services business in certain counties of Pennsylvania, Delaware, and Maryland. The Partnership operates as an interstate carrier in all states across the continental United States. The Company's AmeriGas Cylinder Exchange program enables consumers to purchase or exchange propane cylinders at retail locations.







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