In today’s near-zero interest rate environment, it’s been tough for investors looking for yield. There are many high-yielding dividend stocks to buy, but with markets at all-time highs, many of them have gotten stretched when it comes to valuation. With concerns 2020’s overvalued stock market will head lower in 2021, it may not be best to dive into this often talked-about names. Instead, consider the many undervalued stocks that not only offer a fantastic forward dividend yield, but also the potential to gain in the coming 12 months.
Granted, if markets overall take a hit, it may be tough for many of these stocks (which remain down due to the novel coronavirus pandemic) to bounce back towards prior price levels. But with the potential for gains outweighing potential losses, all could be great buys as we head into the new year. Offering value and yield, consider these five undervalued dividend stocks to buy: Gilead Sciences (NASDAQ:GILD), H&R Block (NYSE:HRB), Kraft Heinz (NASDAQ:KHC), Lumen Technologies (NYSE:LUMN) and Altria Group (NYSE:MO).
Source: InvestorPlace
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