5 Cheap Dividend Stocks With High Yields And Annual Increases

When writing this article, I was looking for an ideal list of dividend-paying stocks that consistently raise their dividends each year. In addition, the dividend yields have to be higher than average. I used a cutoff of 4 to 6% dividend yield. The stocks also have to be cheap. The price-to-earnings ratio hurdle to make my list is 11 times or lower. Lastly, the company has to be able to afford the dividends. Earnings per share must be higher than the dividend per share. Even with as strict as all that may sound, I still found five stocks that met these criteria in spades. You might consider investing in them...

AT&T (NYSE:T) has consistently raised its dividends to shareholders each year. You can see this in the chart I prepared, at right. Dividends per share are growing consistently by 2% or higher each year over the past three to five years. AbbVie is a $128 billion market value drug manufacturing company. It has consistently raised its dividend over the past five years. You can see this in the chart I have prepared. On average dividends have increased by 21% per year. Harley-Davidson (NYSE:HOG) stock has a very nice dividend yield of 3.9%. The company has had a rough few years from EU and China tariffs. Nevertheless, HOG has paid consistently higher dividends, as can be seen in the chart. Its average dividend growth has been 12% over the past five years. IBM has consistently raised its dividend per share over the past 5 years. Its average dividend growth has been stellar at 10.9%. Kohl’s (NYSE:KSS), the department store chain, can catch your eye with a very nice dividend yield of 5.5%. Moreover, KSS has increased its dividend annually on average 11.4% over the past five years.

Source: InvestorPlace

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