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S&P 500   3,911.74 (+3.06%)
DOW   31,500.68 (+2.68%)
QQQ   294.61 (+3.43%)
AAPL   141.66 (+2.45%)
MSFT   267.70 (+3.41%)
META   170.16 (+7.19%)
GOOGL   2,359.50 (+5.11%)
AMZN   116.46 (+3.58%)
TSLA   737.12 (+4.52%)
NVDA   171.26 (+5.55%)
NIO   24.08 (+4.47%)
BABA   117.62 (+4.91%)
AMD   87.08 (+5.64%)
MU   58.44 (+3.95%)
CGC   3.77 (+4.72%)
T   20.99 (+1.84%)
GE   67.08 (+4.70%)
F   12.01 (+3.89%)
DIS   97.78 (+3.69%)
AMC   12.47 (+3.49%)
PFE   51.59 (+2.99%)
PYPL   77.68 (+5.24%)
NFLX   190.85 (+5.03%)
S&P 500   3,911.74 (+3.06%)
DOW   31,500.68 (+2.68%)
QQQ   294.61 (+3.43%)
AAPL   141.66 (+2.45%)
MSFT   267.70 (+3.41%)
META   170.16 (+7.19%)
GOOGL   2,359.50 (+5.11%)
AMZN   116.46 (+3.58%)
TSLA   737.12 (+4.52%)
NVDA   171.26 (+5.55%)
NIO   24.08 (+4.47%)
BABA   117.62 (+4.91%)
AMD   87.08 (+5.64%)
MU   58.44 (+3.95%)
CGC   3.77 (+4.72%)
T   20.99 (+1.84%)
GE   67.08 (+4.70%)
F   12.01 (+3.89%)
DIS   97.78 (+3.69%)
AMC   12.47 (+3.49%)
PFE   51.59 (+2.99%)
PYPL   77.68 (+5.24%)
NFLX   190.85 (+5.03%)
S&P 500   3,911.74 (+3.06%)
DOW   31,500.68 (+2.68%)
QQQ   294.61 (+3.43%)
AAPL   141.66 (+2.45%)
MSFT   267.70 (+3.41%)
META   170.16 (+7.19%)
GOOGL   2,359.50 (+5.11%)
AMZN   116.46 (+3.58%)
TSLA   737.12 (+4.52%)
NVDA   171.26 (+5.55%)
NIO   24.08 (+4.47%)
BABA   117.62 (+4.91%)
AMD   87.08 (+5.64%)
MU   58.44 (+3.95%)
CGC   3.77 (+4.72%)
T   20.99 (+1.84%)
GE   67.08 (+4.70%)
F   12.01 (+3.89%)
DIS   97.78 (+3.69%)
AMC   12.47 (+3.49%)
PFE   51.59 (+2.99%)
PYPL   77.68 (+5.24%)
NFLX   190.85 (+5.03%)

10 Cheap Dividend Stocks to Buy Today

Posted on Friday, June 24th, 2022 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 over 2%, 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 - Hanesbrands (NYSE:HBI)

Share Price
$10.72
Dividend Yield
5.83%
Track Record
0 Years of Consecutive Dividend Growth
Payout Ratio
33.5%
Consensus Rating
Hold
Consensus Price Target
$16.89 (57.5% Upside)

Insider Trades by Quarter for Hanesbrands (NYSE:HBI)

Hanesbrands logoHanesbrands Inc, a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, women, and children. The company operates through three segments: Innerwear, Activewear, and International. It sells men's underwear, women's panties, children's underwear, activewear, and socks, as well as intimate apparel, such as bras and shapewears; home goods; and T-shirts, fleece, performance apparel, sport shirts, performance T-shirts and shorts, sports bras, teamwear, and thermals, as well as licensed logo apparel in collegiate bookstores, mass retailers, and other channels.Read More 
 



#2 - Compass Minerals International (NYSE:CMP)

Share Price
$36.72
Dividend Yield
1.69%
Track Record
0 Years of Consecutive Dividend Growth
Payout Ratio
17.8%
Consensus Rating
Hold
Consensus Price Target
$58.83 (60.2% Upside)

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

Compass Minerals International logoCompass Minerals International, Inc, produces and sells essential minerals primarily in the United States, Canada, Brazil, the United Kingdom, and internationally. It operates through three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with salt to produce specialty products.Read More 
 



#3 - Wells Fargo (NYSE:WFC)

Share Price
$40.76
Dividend Yield
2.64%
Track Record
2 Years of Consecutive Dividend Growth
Payout Ratio
19.2%
Consensus Rating
Moderate Buy
Consensus Price Target
$57.03 (39.9% Upside)

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

Wells Fargo logoWells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.Read More 
 



#4 - Amgen (NASDAQ:AMGN)

Share Price
$245.37
Dividend Yield
3.19%
Track Record
11 Years of Consecutive Dividend Growth
Payout Ratio
40.8%
Consensus Rating
Hold
Consensus Price Target
$242.57 (1.1% Downside)

Insider Trades by Quarter for Amgen (NASDAQ:AMGN)

Amgen logoAmgen Inc discovers, develops, manufactures, and delivers human therapeutics worldwide. It focuses on inflammation, oncology/hematology, bone health, cardiovascular disease, nephrology, and neuroscience areas. The company's products include Enbrel to treat plaque psoriasis, rheumatoid arthritis, and psoriatic arthritis; Neulasta that reduces the chance of infection due a low white blood cell count in patients cancer; Prolia to treat postmenopausal women with osteoporosis; Xgeva for skeletal-related events prevention; Otezla for the treatment of adult patients with plaque psoriasis, psoriatic arthritis, and oral ulcers associated with Behçet's disease; Aranesp to treat a lower-than-normal number of red blood cells and anemia; KYPROLIS to treat patients with relapsed or refractory multiple myeloma; and Repatha, which reduces the risks of myocardial infarction, stroke, and coronary revascularization.Read More 
 



#5 - Magellan Midstream Partners (NYSE:MMP)

Share Price
$47.52
Dividend Yield
8.76%
Track Record
20 Years of Consecutive Dividend Growth
Payout Ratio
88.1%
Consensus Rating
Hold
Consensus Price Target
$53.09 (11.7% Upside)

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

Magellan Midstream Partners logoMagellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. It operates through Refined Products and Crude Oil segments. The company operates refined products pipeline that transports gasoline, diesel fuel, aviation fuel, kerosene, and heating oil to wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; and to end markets, including retail gasoline stations, truck stops, farm cooperatives, railroad fueling depots, military bases, and commercial airports.Read More 
 



#6 - Pfizer (NYSE:PFE)

Share Price
$51.59
Dividend Yield
3.19%
Track Record
12 Years of Consecutive Dividend Growth
Payout Ratio
29.7%
Consensus Rating
Moderate Buy
Consensus Price Target
$57.26 (11.0% Upside)

Insider Trades by Quarter for Pfizer (NYSE:PFE)

Pfizer logoPfizer Inc discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products worldwide. It offers medicines and vaccines in various therapeutic areas, including cardiovascular metabolic and women's health under the Premarin family and Eliquis brands; biologics, small molecules, immunotherapies, and biosimilars under the Ibrance, Xtandi, Sutent, Inlyta, Retacrit, Lorbrena, and Braftovi brands; and sterile injectable and anti-infective medicines, and oral COVID-19 treatment under the Sulperazon, Medrol, Zavicefta, Zithromax, Vfend, Panzyga, and Paxlovid brands.Read More 
 



#7 - General Electric (NYSE:GE)

Share Price
$67.08
Dividend Yield
0.5%
Track Record
0 Years of Consecutive Dividend Growth
Payout Ratio
6.6%
Consensus Rating
Moderate Buy
Consensus Price Target
$113.36 (69.0% Upside)

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

General Electric logoGeneral Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It operates through four segments: Power, Renewable Energy, Aviation, and Healthcare segments. The Power segment offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.Read More 
 



#8 - Enterprise Products Partners (NYSE:EPD)

Share Price
$23.99
Dividend Yield
7.88%
Track Record
26 Years of Consecutive Dividend Growth
Payout Ratio
72.9%
Consensus Rating
Moderate Buy
Consensus Price Target
$29.14 (21.5% 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 
 



#9 - Emerson Electric (NYSE:EMR)

Share Price
$82.03
Dividend Yield
2.65%
Track Record
65 Years of Consecutive Dividend Growth
Payout Ratio
38.0%
Consensus Rating
Moderate Buy
Consensus Price Target
$105.12 (28.1% Upside)

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

Emerson Electric logoEmerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.Read More 
 



#10 - Procter & Gamble (NYSE:PG)

Share Price
$144.35
Dividend Yield
2.57%
Track Record
66 Years of Consecutive Dividend Growth
Payout Ratio
58.7%
Consensus Rating
Moderate Buy
Consensus Price Target
$165.64 (14.8% Upside)

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

Procter & Gamble logoThe Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.Read More 
 



 




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