As veteran traders will attest, though, nothing lasts forever. It might not be a bad idea to start adding exposure to the market's laggards that have become undervalued of late. And, it may also be smart to scale back a bit on the big winners, some of which may be ripe for profit-taking. To help make that strategic shift happen here's some insight into three of the market's most underappreciated dividend stocks right now...
It's been tough for investors to forget Wells Fargo (NYSE:WFC) was busted in 2016 after its bank employees opened at least 2 million fake credit card and deposit accounts in order to meet minimum sales requirements. Veteran investors know all too well that a bet on an oil company like ExxonMobil (NYSE:XOM) is essentially a bet on oil prices. Finally, income-minded investors may want to look closely at Cisco Systems (NASDAQ:CSCO). The 24% sell-off the stock's dished out since its July high has pushed its dividend yield up to a respectable 3.1%.
Source: Motley Fool
Related Articles:
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- 5 Dividend Stocks Yielding Over 3%, With Tiny Payout Ratios
- Warren Buffett's Secret To 50% Returns
- 5 Undervalued, Big-Name Stocks To Consider For Your Dividend Portfolio
- 4 High-Yield Energy Stocks Growing Their Dividends
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