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|
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