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

Published Sat, 12 Oct 2019 08:31:00 -0400 on Seeking Alpha

The markets have been mostly flat and range bound in the last few months, as visible from the chart below. Even though markets have reached for new highs, and the S&P 500 crossed the psychological 3000-mark for the first time in July this year, the volatility has been generally high. In the last few months, the market has been driven mainly by three factors: 1) Fed’s interest-rate policy 2) trade-disputes with China 3) slowing corporate earnings and global growth or lack thereof. It seems unlikely that there will be any clear resolution with China until after the 2020 elections. So, in the near term, barring some big events or surprises, the markets will mostly be driven by the Fed’s policy and to some extent, by the political environment in Washington, DC. However, as long-term dividend investors, we should not pay too much attention to the day-to-day movements of the market.

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 can use the opportunity when the time is right. Besides, 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
ALTRIA GROUP 44.46   13.2 3.36 3.36 7.23
PRUDENTIAL FINANCIAL 88.22   9.0 9.82 4.00 4.61
3M 170.58   20.6 8.28 5.76 3.41
WALGREENS BOOTS ALLIANCE 55.56   10.9 5.10 1.83 3.22
AMERIPRISE FINANCIAL 146.38   10.8 13.58 3.88 2.68
ROYAL CARIBBEAN CRUISES 113.27   12.9 8.80 3.12 2.46
GENERAL DYNAMICS 189.41   16.8 11.25 4.08 2.17
GRAINGER, W.W. 293.60   20.0 14.65 5.76 1.98
UNITEDHEALTH GROUP 230.10   17.3 13.32 4.32 1.86


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