When you hear the phrase "cheap dividend stocks," what comes to mind? It can mean different things to different investors. But whatever your definition, the idea of a cheap stock is a consideration of both a stock's price and its value.
For dividend-paying stocks, the price part means you'll want to find stocks that are trading near their 52-week low. Why? Because a guiding principle of picking stocks is to buy low and sell high. Stocks that are already at 52-week highs can move higher but frequently don't. That's particularly true of dividend stocks.
The other thing to consider is the company's dividend payment. While there are several ways to measure this, dividend yield is one of the most common measures. A company's dividend yield is the amount (in dollars) of its current annual dividend per share divided by its current stock price. Generally speaking, a dividend yield of over 3% is considered a good yield, but it can be lower or higher depending on the sector.
Now that we've defined terms, here are seven cheap dividend stocks offering value and price upside.
Click the "Continue to Slide #1" button to view the first company.
