I wanted to find five stocks to buy with steady dividends and earnings that are reasonably cheap. Moreover, each of these dividend stocks have attractive upside target prices. This actually turned out to be harder to find than I expected. I finally found the stocks by setting a dividend and earnings screen that mirrored each other. This meant that I was looking for stocks to buy with greater than 20% earnings and 20% dividend growth. In addition, I looked for companies that were cheap with reasonably low price-to-earnings (P/E) ratios.
Lastly, I wanted to make sure the upside of the stock was at least 20%. I did this three ways. I used a historical dividend yield valuation technique, a historic P/E valuation method, and a peer comparable valuation method. By averaging all three methods to determine a target price, I was able to derive the upside for each stock. As a result, I found the following five dividend stocks to buy: Columbus McKinnon (NASDAQ:CMCO), Celanese Corp (NYSE:CE), Kinder Morgan (NYSE:KMI), Northern Trust (NASDAQ:NTRS) and World Fuel Service (NYSE:INT).
Source: InvestorPlace
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