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5 Safe And Cheap Dividend Stocks To Invest In (June 2020)

Published Sat, 06 Jun 2020 10:00:00 -0400 on Seeking Alpha

This article is part of our monthly series, where we highlight five companies that are large-cap, relatively safe, dividend-paying, and are offering large discounts to their historical norms.
It's always a good idea to keep your wish list ready by separating the wheat from the chaff.
We go over the filtering process to select just five stocks from more than 7,500 companies that are traded on US exchanges, including OTC networks. We provide two groups of five stocks, each with different goals.
The market has made an incredible comeback since the lows of March 2020. The S&P 500 has gained nearly 40% from its low point on March 23rd but is still 8.5% below its all-time high achieved in February. We believe a lot of credit for this surge goes to the actions of the Fed and the $2 trillion federal stimulus package. The market is obviously looking at 6-9 months ahead and appears to display a V-shaped recovery. However, this confidence could prove to be entirely wrong and shortsighted, if we were to have a second wave of coronavirus pandemic and if there is a delay in vaccine development.
Needless to say, there are many challenges and uncertainties that remain, and it's very difficult to know the future with any degree of certainty, especially in the current environment. However, we should look at investing as a long-term game plan and not on the basis of day-to-day or week-to-week gyrations.
Data by YCharts
S&P 500 ETF (SPY) One-year chart, courtesy YCharts.
As long-term dividend investors, we need to pay less attention to the short-term movements of the market and pay more attention to the quality of companies that we buy and buy them when they are being offered relatively cheap. The goal of this series of articles is to find companies that are fundamentally strong, carry low debts, support reasonable, sustainable and growing dividend yields, and also trading at relatively low or reasonable prices.
The market is not easy to navigate in the... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ENTERPRISE PRODUCTS 28.68   12.4 2.31 1.76 6.13
SIMON PROPERTY GROUP 155.27   20.8 7.48 8.40 5.21
ONEOK 73.93   24.6 3.01 3.56 4.84
PRUDENTIAL FINANCIAL 88.22   9.0 9.82 4.00 4.61
VALERO ENERGY 83.70   13.8 6.06 3.60 4.41
VENTAS 71.17   51.6 1.38 3.17 4.41
3M 170.58   20.6 8.28 5.76 3.41
CISCO SYSTEMS 49.93   19.2 2.60 1.40 2.85
MAGNA INTERNATIONAL 54.06   6.9 7.80 1.46 2.73
MERCK & CO 83.31   23.3 3.57 2.20 2.69
BANK OF AMERICA 29.67   10.6 2.80 0.72 2.45
GENERAL DYNAMICS 189.41   16.8 11.25 4.08 2.17
ADP 160.41   30.6 5.24 3.16 1.92
STANLEY BLACK & DECKER 147.12   31.3 4.70 2.76 1.87
TYSON FOODS 83.47   14.0 5.98 1.50 1.84
SPDR S&P 500 ETF 301.29   0.0 0.00 5.42 1.82
COMCAST 46.97   17.9 2.62 0.84 1.81


Older articles featuring Enterprise Products (EPD):
Reader Favorites And Rogues July 8 To August 7 Peg 30 Ripe Dividends For Picking
The Retirees' Dividend Portfolio: John And Jane's July Taxable Account Update
5 Safe Ultra-High-Yield Blue-Chips For A Rich Retirement
Dividend Champion And Contender Highlights: Week Of August 9
5 Safe And Cheap Dividend Stocks To Invest In (August 2020)
The Best 3 Dividend Blue-Chips Retirees Can Safely Buy In August
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Dividend Champion And Contender Highlights: Week Of July 26
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The Retirees' Dividend Portfolio: John And Jane's May Taxable Account Update