Mid-cap dividend stocks are the best bargain on the board right now. I love them because lame income investors don’t consider them. They fixate on: Large-cap stocks: For dividend safety and Small-cap stocks: For dividend growth. Meanwhile many great under-the-radar mid-cap stocks sit between $2 billion and $10 billion in market capitalization. They sit in a “sweet spot” that accommodates dividend safety and growth. Which is why they generate big returns.
Let’s talk about five mid-caps that are trading on the cheap. I’m talking about single-digit price-to-earnings (P/E) ratios with generous yields between 7.2% and 15.3% as I write (and no, that’s not a typo). New York Community Bancorp NYCB (NYCB) Dividend Yield: 7.2% Forward P/E: 6.7, Old Republic International ORI (ORI) Dividend Yield: 4.1%/10.7% Forward P/E: 8.9, Crestwood Equity Partners LP (CEQP) Dividend Yield: 8.6% Forward P/E: 12.4, Gerdau (GGB) Dividend Yield: 9.4% Forward P/E: 4.5 and OneMain Financial (OMF) Dividend Yield: 7.7%/12.2% Forward P/E: 5.3.
Source: Forbes
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