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3 Undervalued Dividend Aristocrats With Attractive Starting Yields

Published Sat, 13 Jul 2019 05:34:28 -0400 on Seeking Alpha

These are tough times for yield seekers. The yields in many defensive, typically higher dividend-paying sectors have been driven down by fears of an economic slowdown and the specter of a looming recession.
Investors have piled heavily into consumer staples, utilities, and real estate in 2019, especially the higher quality names:
Data by YCharts
This creates a predicament for income-oriented investors with money to place or dividends to reinvest.
Of course, as I've stated in previous articles, it's not a bad idea to build up a cash position ahead of a recession, which seems probable in the next year or two. That said, when rare opportunities to pick up undervalued dividend-payers with attractive starting yields present themselves, they are worth a look.
Especially if those stocks happen to be Dividend Aristocrats — publicly traded companies that have paid growing dividends for 25 years or more. It is quite a feat to pay out not only an uninterrupted but also a growing dividend to shareholders year after year, through multiple business cycles and recessions, for that length of time.
That brings us to the present article: three Dividend Aristocrats that are arguably undervalued and offering higher than average starting yields. For investors hunting for yield, these stocks are attractive prospects for further research:
1. Cullen/Frost Bankers Inc. (CFR)
Frost Bank was founded in San Antonio, Texas, in 1868, just 22 years after Texas became a state and... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
TANGER FACTORY OUTLET CENTERS 16.50   21.4 0.77 1.42 8.35
3M 170.58   20.6 8.28 5.76 3.41
CULLEN/FROST BANKERS 90.05   12.7 7.11 2.84 3.20


Older articles featuring Tanger Factory Outlet Centers (SKT):
Dividend Champion And Contender Highlights: Week Of January 26
7 Lucky High-Yielding REITs For 2020
The Retirees' Dividend Portfolio - John And Jane's December Taxable Account Update: The Year-End Edition
Can We Beat The Market With Less Risk Using Dividend Stocks?
These REITs Are Likely To Cut Their Dividend In 2020
My Dividend Growth Portfolio 2019 Review: 36 Holdings, 3 Buys, 1 Sell, 3.61% Yield, $10,000 In Dividends
5%+ Dividend Yield Portfolio: Is Strong Good Enough? (Dec 2019 Review)
54 10-Year Dividend Payback Champions
Dividend Champions Analysis: Matthews International Is The Newest Champion
Retirement Strategy: Time To Tread Cautiously With High-Yield