Undervalued Dividend Stocks to Buy Now

Some dividend stocks aren't great, and some are just plain bad. Some dividends themselves aren't sustainable, while some aren't even worth your time. But let's look at two stocks that offer yields near 3% and may offer even more upside with the stock prices themselves: Caterpillar (NYSE: CAT ) and Ford (NYSE: F ) .

Caterpillar (NYSE: CAT ) trades at a P/E of 9.5, which is below the industry average of 12 and even further below its historical average of around 16. Ford (NYSE: F ) trades at a ratio of 9, which is drastically below its industry average of 31 and under half of what competitors Toyota and Honda trade at.

Source: Motley Fool

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