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

Published Sat, 08 Aug 2020 09:42:00 -0400 on Seeking Alpha

Seeking AlphaDividend Strategy5 Safe And Cheap Dividend Stocks To Invest In (August 2020)Aug. 8, 2020 9:42 AM ET|| Includes: ADP, AFL, ALL, ALL.PB, ALL.PG, ALL.PI, ATO, AVGO, BAC, CMCSA, CSCO, EPD, FITB, GD, HPQ, IMO, INTC, JNJ, LHX, LMT, LUV, MDT, MMM, MRK, OKE, PH, PRU, QSR, SPY, SYY, TD, TSN, WBA, WFC, XOMby: Financially Free InvestorFinancially Free Investor High Income DIY PortfoliosHigh-income, lower-risk portfolios suited for income-seeking investors.SummaryThis 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.
During the last month or so, the market has been gradually moving up and has inched up very close to its all-time highs. In fact, the S&P 500 is in positive territory (with dividends included) compared to the beginning of the year, and so is the Nasdaq index for some time. However, the big question is where it goes from here. The new wave of coronavirus has been gaining strength in many states, including some big states like California, Texas, and Florida. Some of these states were not greatly impacted during the first wave. However, on the positive side, some of these states also are showing early signs of reaching the peak of the curve. The economic picture is still murky, at best. The second quarter GDP came down a massive -32% year over year, which was no surprise though. Unemployment is still very high, and the US Senate is still debating the second round of stimulus package and extending unemployment benefits. But recently the talks have gone nowhere. All that said, the market has shown incredible... 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
ONEOK 73.93   24.6 3.01 3.56 4.84
EXXON MOBIL 71.98   17.3 4.15 3.48 4.83
PRUDENTIAL FINANCIAL 88.22   9.0 9.82 4.00 4.61
WELLS FARGO 48.65   10.0 4.84 2.04 4.22
TORONTO-DOMINION BANK 56.54   11.9 4.74 2.22 4.02
AVAGO TECHNOLOGIES 300.58   37.1 8.11 10.60 3.60
FIFTH THIRD BANCORP 28.03   9.5 2.94 0.96 3.44
3M 170.58   20.6 8.28 5.76 3.41
HEWLETT PACKARD 18.75   6.9 2.71 0.64 3.37
WALGREENS BOOTS ALLIANCE 55.56   10.9 5.10 1.83 3.22
JOHNSON & JOHNSON 130.43   21.6 6.03 3.80 2.93
CISCO SYSTEMS 49.93   19.2 2.60 1.40 2.85
MERCK & CO 83.31   23.3 3.57 2.20 2.69
IMPERIAL OIL 26.59   0.0 0.00 0.66 2.49
BANK OF AMERICA 29.67   10.6 2.80 0.72 2.45
INTEL 53.01   12.4 4.29 1.26 2.43
LOCKHEED MARTIN 386.63   18.8 20.52 8.80 2.31
GENERAL DYNAMICS 189.41   16.8 11.25 4.08 2.17
AFLAC 51.47   12.6 4.10 1.08 2.12
SYSCO 77.72   24.3 3.20 1.56 2.03
MEDTRONIC 110.38   33.8 3.27 2.16 2.01
PARKER HANNIFIN 181.60   15.8 11.46 3.52 1.94
ATMOS ENERGY 109.44   25.9 4.23 2.10 1.93
ADP 160.41   30.6 5.24 3.16 1.92
ALLSTATE 106.58   14.0 7.64 2.00 1.89
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
SOUTHWEST AIRLINES 54.98   12.7 4.32 0.72 1.35

ENTERPRISE PRODUCTS - EPD
ENTERPRISE PRODUCTS - EPD  


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