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

Published Sat, 05 Dec 2020 09:06:00 -0500 on Seeking Alpha

Seeking AlphaDividend Strategy5 Safe And Cheap Dividend Stocks To Invest In (December 2020)Dec. 5, 2020 9:06 AM ET|| Includes: AVGO, EPD, GD, MDT, MO, NEE, NLY, PFE, PRU, TSN, VLOby: 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.
The market just finished probably the best November on the record. It bounced back from the lows of early November and has been making new all-time highs. First and foremost, the uncertainty around the big election is largely over. The fear factor has come down rapidly since after the elections. The market is having a sort of relief rally largely with the expectations of a divided govt in Washington DC. The second big factor has been the news of highly successful trials of Coronavirus vaccines and the hope that the pandemic may finally be behind us by early summer.
Nonetheless, we should always remind ourselves that there is only one thing certain in markets, and that is 'uncertainty.' Even though the broader economy continues to recover, many challenges and uncertainties remain. Obviously, the big question remains is where do we go from here?
Data by YCharts
S&P 500 ETF (SPY) one-year chart, courtesy YCharts
As we always have said, 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. 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... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ANNALY CAPITAL MANAGEMENT 8.60   0.0 -3.32 1.20 14.00
ALTRIA GROUP 44.46   13.2 3.36 3.36 7.23
ENTERPRISE PRODUCTS 28.68   12.4 2.31 1.76 6.13
PRUDENTIAL FINANCIAL 88.22   9.0 9.82 4.00 4.61
VALERO ENERGY 83.70   13.8 6.06 3.60 4.41
PFIZER 37.28   17.0 2.19 1.44 3.85
AVAGO TECHNOLOGIES 300.58   37.1 8.11 10.60 3.60
NEXTERA ENERGY 220.74   31.7 6.96 5.00 2.29
GENERAL DYNAMICS 189.41   16.8 11.25 4.08 2.17
MEDTRONIC 110.38   33.8 3.27 2.16 2.01
TYSON FOODS 83.47   14.0 5.98 1.50 1.84


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