Cheapest Dividend Stocks in the S&P 500

The S&P Index has gained an impressive 11% so far this year. This makes bargain-priced stocks that also have safe, high dividends a bit more challenging to find. But if you do your homework, then even during a market rally you can find undervalued stocks that may pay handsome returns in the future. A great place to look for bargain-priced stocks is in out-of-favor industries like oil production or newspaper publishing. Oil stocks are currently out of favor because of a 16% decline in oil prices since March.

The stock market may be punishing oil stocks right now, but the long-term outlook for the oil sector remains positive, with oil prices forecast to rise to $117 a barrel within three years from $92 a barrel currently. Here are three beaten-down stocks selected from out-of-favor industries that nevertheless continue to offer rich yields and secure dividends: ConocoPhillips (NYSE: COP) Yield 5%, 2. Gannet Co. (NYSE: GCI) Yield: 5% and Pitney Bowes (NYSE: PBI) Yield: 11%.

Source: Street Authority

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