2 of the Cheapest Stocks I Own
When I look at my portfolio today, there are probably four or five names that would make my "cheapest stocks" list. Two are particularly interesting right now because of the impact inflation is having on their businesses: Hormel (NYSE: HRL) and The Kellogg Company (NYSE: K). Here's my thinking about them.
When valuing a stock, many investors look to its price-to-earnings ratio. It's certainly a very popular metric. However, I prefer its relative dividend yield -- that is, its yield in relation to its historical range. The dividend yields of both Hormel and Kellogg are currently toward the high end of their ranges and thus are among the cheapest stocks that I own.
Image source: Getty Images.
Source Fool.com
