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12 Cheap Dividend Stocks to Buy Today in 2020

Posted on Monday, September 21st, 2020 by MarketBeat Staff
While COVID-19 was a suckerpunch to the stock market earlier in the year, the stock market is roaring back.  The Dow is hovering around 27,000 and the S&P 500 is trading near 3,200. 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 - General Electric (NYSE:GE)

Share Price: $6.88
Dividend Yield: 0.58%
Track Record: 1 Years of Consecutive Dividend Growth
Payout Ratio: -80.0%
Consensus Rating: Buy
Consensus Price Target: $9.13 (32.8% Upside)

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

General Electric logoGeneral Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services. Read More 


#2 - Verizon Communications (NYSE:VZ)

Share Price: $60.35
Dividend Yield: 4.08%
Track Record: 13 Years of Consecutive Dividend Growth
Payout Ratio: 52.5%
Consensus Rating: Hold
Consensus Price Target: $62.29 (3.2% Upside)

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

Verizon Communications logoVerizon Communications Inc, through its subsidiaries, offers communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company's Wireless segment provides wireless voice and data services; Internet access on various notebook computers and tablets; international travel wireless services; and network access services to deliver various Internet of Things products and services, as well as offers digital advertising and digital media services platforms. Read More 

#3 - Coca-Cola (NYSE:KO)

Share Price: $50.45
Dividend Yield: 3.25%
Track Record: 1 Years of Consecutive Dividend Growth
Payout Ratio: 90.6%
Consensus Rating: Buy
Consensus Price Target: $54.30 (7.6% Upside)

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

Coca-Cola logoThe Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant-based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores. Read More 

#4 - Genuine Parts (NYSE:GPC)

Share Price: $102.06
Dividend Yield: 3.1%
Track Record: 24 Years of Consecutive Dividend Growth
Payout Ratio: 65.0%
Consensus Rating: Hold
Consensus Price Target: $96.25 (-5.7% Upside)

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

Genuine Parts logoGenuine Parts Company distributes automotive replacement, industrial parts and materials, and business products in North America, Australia, New Zealand, the United Kingdom, France, Germany, Poland, and Puerto Rico. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment; and accessory items for automotive aftermarket, 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: $68.44
Dividend Yield: 2.92%
Track Record: 1 Years of Consecutive Dividend Growth
Payout Ratio: 108.1%
Consensus Rating: Hold
Consensus Price Target: $67.17 (-1.9% Upside)

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 approximately 360,000 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: $78.08
Dividend Yield: 5.99%
Track Record: 11 Years of Consecutive Dividend Growth
Payout Ratio: 94.5%
Consensus Rating: Buy
Consensus Price Target: $91.18 (16.8% 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, and 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 Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands. Read More 

#7 - Altria Group (NYSE:MO)

Share Price: $39.84
Dividend Yield: 8.63%
Track Record: 11 Years of Consecutive Dividend Growth
Payout Ratio: 79.6%
Consensus Rating: Buy
Consensus Price Target: $50.36 (26.4% Upside)

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

Altria Group logoAltria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless 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. Read More 

#8 - Realty Income (NYSE:O)

Share Price: $62.35
Dividend Yield: 4.49%
Track Record: 25 Years of Consecutive Dividend Growth
Payout Ratio: 202.9%
Consensus Rating: Buy
Consensus Price Target: $71.33 (14.4% 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 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants. Read More 

 

13 Stocks Institutional Investors Won't Stop Buying

University endowments, pension funds, sovereign wealth funds, hedge funds and other institutional investors have recently been pouring money into a a group of 13 elite stocks.

These institutional investors don't get easily swayed by hot stocks that are popular with retail investors. You probably won't see a Tesla or a SnapChat in this group, because institutional investors know that these "popular kid" stocks almost always aren't great investments. However, you will find some incredibly solid companies on this list backed by real earnings and real fundamentals.

In order to identify these stocks, we had to comb through every 13D and 13F filing that institutional investors have filed with the SEC in the last quarter. After reviewing more than 5,000 filings, we have identified 13 companies that institutional investors have been buying left. Big money investors are pouring hundreds of millions of dollars into these stocks.

View the "13 Stocks Institutional Investors Won't Stop Buying" Here.






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