3 Ultra-Cheap Dividend Stocks to Buy Right Now
If you want to generate significant long-term gains in the stock market, one place to start looking for investments is among the companies that Wall Street isn't all that thrilled with today. In the short term, these may not be good performers, and they may not have looked like great buys in recent months or years. But there can be winners to be found among cheaply valued stocks. The trick is to pick out the diamonds in the rough that have a lot of upside potential in the long run.Verizon Communications (NYSE: VZ), Toronto-Dominion Bank (NYSE: TD), and Pfizer (NYSE: PFE) look like steals at their current levels. In the past three years, they have all fallen by 20% or more. But here's why I'd consider buying them right now.Verizon's stock has started to rally over the last 12 months -- it's up by around 6% during that stretch. There have been some signs of improvement in the telecom giant's business, but I think the share price gains had more to do with investors' optimism about the possibility of falling interest rates. That's because if interest rates decline, Verizon's hefty debt load will be less costly. Moreover, its dividend yield, which is up to 6.2% right now, looks incredibly attractive.Continue reading
If you want to generate significant long-term gains in the stock market, one place to start looking for investments is among the companies that Wall Street isn't all that thrilled with today. In the short term, these may not be good performers, and they may not have looked like great buys in recent months or years. But there can be winners to be found among cheaply valued stocks. The trick is to pick out the diamonds in the rough that have a lot of upside potential in the long run.
Verizon Communications (NYSE: VZ), Toronto-Dominion Bank (NYSE: TD), and Pfizer (NYSE: PFE) look like steals at their current levels. In the past three years, they have all fallen by 20% or more. But here's why I'd consider buying them right now.
Verizon's stock has started to rally over the last 12 months -- it's up by around 6% during that stretch. There have been some signs of improvement in the telecom giant's business, but I think the share price gains had more to do with investors' optimism about the possibility of falling interest rates. That's because if interest rates decline, Verizon's hefty debt load will be less costly. Moreover, its dividend yield, which is up to 6.2% right now, looks incredibly attractive.
