3 Ultra-Cheap Dividend Stocks to Buy in December
If you're concerned about rising valuations in the stock market or just want some reliable income for your portfolio, now may be an optimal time to load on dividend stocks, many of which are looking incredibly cheap. While growth investors have largely looked past dividend stocks this year, the good news is that if you're targeting these types of investments right now, you don't have to look far to find some good deals.
Three stocks that pay you more than the S 500 average yield of 1.2% and which are trading at cheap valuations include Merck (NYSE: MRK), Verizon Communications (NYSE: VZ), and Albertsons Companies (NYSE: ACI). Here's why these can make for excellent income-generating investments to add to your portfolio today.
Merck is a top drugmaker that pays an attractive dividend yielding 3.2%. Its stock has declined by 7% this year as the company hasn't been generating particularly strong growth numbers, and investors may also be concerned about what lies ahead for the business. For the full year of 2024, Merck is projecting revenue to total around $64 billion, which is roughly a 7% increase from the $60 billion it posted last year.
Source Fool.com
