Many traders today are looking for cyclical turnarounds, or else are looking to get on the bandwagon of the latest “momentum” stock. These stocks make new highs each day but are untethered from any real value or reason anchor. In the end, they tend to falter when growth fails. I would rather look for reliable stocks that have growth potential, and if they can provide a little pocket money via healthy dividends, all the better. These five stocks yield over 3%, have an average price-to-earnings below 12 times, and offer a 58% upside gain...
So buying one of these cheap dividend stocks gives an investor a long-term edge. First, the stock is cheap on a P/E basis and dividend yield basis. Moreover, the stock is undervalued based on three measures of value. The first is a historical dividend yield method, the second is a historical P/E method, and the third is a peer-based valuation. Here are the five cheap dividend stocks to buy with huge upside potential: Rent-A-Center (NASDAQ:RCII), Jefferies Financial Group (NYSE:JEF)
Cardinal Health (NYSE:CAH), Science Applications Int’l Corp (NYSE:SAIC) and Charles Schwab (NYSE:SCHW).
Source: InvestorPlace
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