3 Incredibly Cheap Dividend Stocks
With so much volatility currently in the stock market, many investors are drifting toward dividend stocks as a source of income during these less-than-ideal economic conditions. Dividends can play a significant role in an investor's portfolio at any time, but especially during down periods like we're currently experiencing. Here are three incredibly cheap dividend stocks you should consider.
Few companies can say they have a single brand as iconic as Altria's (NYSE: MO) Marlboro cigarettes, which account for around 40% of the U.S. cigarette market. In the past five years, Altria's stock has plunged more than 35%, but realistically, investors don't gravitate to Altria expecting above-average stock price growth -- it's all about the dividend.
The company aims to pay out around 80% of its adjusted earnings per share in dividends, and its current yearly dividend is $3.76 per share.
Source Fool.com
