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5 Safe And Cheap Dividend Stocks To Invest (August 2019)

Published Sun, 04 Aug 2019 08:02:00 -0400 on Seeking Alpha

The markets have not only recovered strongly since the lows in May and early June but have continued to make new all-time highs in July. The S&P 500 crossed the psychological 3000-mark for the first time recently and has stayed above this level for the last many days.
Back in May, the markets were blindsided due to the sudden escalation in trade disputes with China and the realization that a trade deal with China was far from a done deal. Even though the trade issue is far from resolved, markets have recovered strongly in the hopes of multiple rate cuts by the Fed. It appears that the markets have come to believe in a Goldilocks situation, where either the things will keep going well, or if they do not, the Fed would save the day for us. As of July 31, the Fed announced the first rate cut since 2008. However, the market still managed to lose some ground since the Fed did not commit to future cuts.
S&P 500 ETF ( SPY) six-month chart, courtesy Yahoo Finance
Irrespective of the market's day-to-day gyrations, we remain on the constant lookout for companies that offer sustainable and growing dividends and maybe trading cheap on a relative basis to the broader market as well as to their respective 52-week highs. We believe in keeping a buy list handy and dry powder ready so that we are able to use the opportunity when the time is right. In addition, we think, every month, this analysis is able to highlight some companies that otherwise would not be on our radar.
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Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
VALERO ENERGY 83.70   13.8 6.06 3.60 4.41
NETAPP 56.36   14.4 3.90 1.92 3.52
ARCHER-DANIELS-MIDLAND 41.45   17.8 2.33 1.40 3.47
3M 170.58   20.6 8.28 5.76 3.41
KROGER 25.59   11.2 2.28 0.64 2.48
ROYAL CARIBBEAN CRUISES 113.27   12.9 8.80 3.12 2.46
BOEING 375.63   44.0 8.54 8.22 2.22
LOWES COMPANIES 113.88   35.6 3.20 2.20 1.91


Older articles featuring Valero Energy (VLO):
Yield 10%-Plus From Recession-Resilient Preferred Stock: Global Partners
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The Retiree's Dividend Portfolio - John's April Update: The Impact Of Dividend Cuts
5 Safe And Cheap Dividend Stocks To Invest In (June 2020)
S&P 500 High Yield Gains And Upsides Augured For May
5 Safe And Cheap Dividend Stocks To Invest (April 2020)
April S&P 500 Top Dividend Dogs: 74 Price Drops Bolster Yields For New Buyers
Impact Of Dividend Raises Through February 2020: Blue Chip DRiP Portfolio
5 Safe And Cheap Dividend Stocks To Invest (March 2020)
80 S&P 500 High Yield Index, Gains And Upsides For March