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|
|FIFTH THIRD BANCORP||28.03||9.5||2.94||0.96||3.44|
|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|
|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|
|SPDR S&P 500 ETF||301.29||0.0||0.00||5.42||1.82|
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