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Ride Through Another COVID Wave With These 5 Undervalued Dividend Growth Stocks

Published Sun, 13 Dec 2020 15:29:26 -0500 on Seeking Alpha

Seeking AlphaDividend IdeasRide Through Another COVID Wave With These 5 Undervalued Dividend Growth StocksDec. 13, 2020 3:29 PM ET|| Includes: ABBV, AROC, MO, SPG, Tby: Darren McCammonDarren McCammon Cash Flow KingdomThe Investment Community where "Cash Flow is King"SummaryAnother wave of COVID wave is upon us, with cases in various states rising to new record levels and shutdowns proliferating.
Dividend Growth Stocks have historically offered reliable income that can see you through tough times. They have a history of outperforming during recessions and market troubles.
However, most Dividend Growth Aristocrats only yield 1-3%, which is not enough to meet most investor's needs, nor safely support a 4% withdrawal rate.
Here are 5 for 5.  Five companies that are resilient and cheap, but that also offer yields of 5% or more.  Companies whose dividend payouts should be able to weather the storm and grow over the long run.
Infections and hospitalizations stemming from COVID-19 have been on the rise in the US again. The near-term path of the pandemic appears to be a rocky road, but promising new vaccines are right around the corner, and we just need to ride it out from here, to there. For updated information on COVID I suggest you read, “COVID, The Next Wave Is Upon Us”.
For those investors who want to be prepared for this challenge and whatever else the market throws at us, it makes sense to look for reliable, defensive, crisis-proven dividend payers that are diversified across different industries. Companies that offer a decent dividend yield and cover it well. Companies whose underlying cash flows will help us sleep well at night, while also offering significant promise for the future. In this analysis, we take a look at 5 stocks that fit the bill, stocks that can make it through this final wave of COVID and thrive in the world beyond.

Source: imgflip.com
5 Dividend Growth Stocks That Are Still Good Long-Term Buys

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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
ABBVIE 70.83   26.0 2.72 4.28 6.28
ARCHROCK 10.62   25.3 0.42 0.58 5.49
AT&T 38.38   16.1 2.38 2.04 5.43
SIMON PROPERTY GROUP 155.27   20.8 7.48 8.40 5.21


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