QQQ   337.27 (+1.86%)
AAPL   175.05 (+1.37%)
MSFT   318.52 (+1.44%)
META   246.85 (+1.80%)
GOOGL   122.83 (+1.65%)
AMZN   118.15 (+2.29%)
TSLA   176.89 (+1.74%)
NVDA   316.78 (+4.97%)
NIO   7.82 (-2.62%)
BABA   85.77 (-5.41%)
AMD   107.93 (+4.03%)
T   16.55 (-0.66%)
F   11.64 (+1.22%)
MU   67.57 (+4.08%)
CGC   1.05 (+0.00%)
GE   104.01 (+0.52%)
DIS   93.76 (+1.07%)
AMC   5.07 (-0.59%)
PFE   36.48 (-0.73%)
PYPL   61.27 (-0.31%)
NFLX   371.29 (+9.22%)
QQQ   337.27 (+1.86%)
AAPL   175.05 (+1.37%)
MSFT   318.52 (+1.44%)
META   246.85 (+1.80%)
GOOGL   122.83 (+1.65%)
AMZN   118.15 (+2.29%)
TSLA   176.89 (+1.74%)
NVDA   316.78 (+4.97%)
NIO   7.82 (-2.62%)
BABA   85.77 (-5.41%)
AMD   107.93 (+4.03%)
T   16.55 (-0.66%)
F   11.64 (+1.22%)
MU   67.57 (+4.08%)
CGC   1.05 (+0.00%)
GE   104.01 (+0.52%)
DIS   93.76 (+1.07%)
AMC   5.07 (-0.59%)
PFE   36.48 (-0.73%)
PYPL   61.27 (-0.31%)
NFLX   371.29 (+9.22%)
QQQ   337.27 (+1.86%)
AAPL   175.05 (+1.37%)
MSFT   318.52 (+1.44%)
META   246.85 (+1.80%)
GOOGL   122.83 (+1.65%)
AMZN   118.15 (+2.29%)
TSLA   176.89 (+1.74%)
NVDA   316.78 (+4.97%)
NIO   7.82 (-2.62%)
BABA   85.77 (-5.41%)
AMD   107.93 (+4.03%)
T   16.55 (-0.66%)
F   11.64 (+1.22%)
MU   67.57 (+4.08%)
CGC   1.05 (+0.00%)
GE   104.01 (+0.52%)
DIS   93.76 (+1.07%)
AMC   5.07 (-0.59%)
PFE   36.48 (-0.73%)
PYPL   61.27 (-0.31%)
NFLX   371.29 (+9.22%)
QQQ   337.27 (+1.86%)
AAPL   175.05 (+1.37%)
MSFT   318.52 (+1.44%)
META   246.85 (+1.80%)
GOOGL   122.83 (+1.65%)
AMZN   118.15 (+2.29%)
TSLA   176.89 (+1.74%)
NVDA   316.78 (+4.97%)
NIO   7.82 (-2.62%)
BABA   85.77 (-5.41%)
AMD   107.93 (+4.03%)
T   16.55 (-0.66%)
F   11.64 (+1.22%)
MU   67.57 (+4.08%)
CGC   1.05 (+0.00%)
GE   104.01 (+0.52%)
DIS   93.76 (+1.07%)
AMC   5.07 (-0.59%)
PFE   36.48 (-0.73%)
PYPL   61.27 (-0.31%)
NFLX   371.29 (+9.22%)

10 Cheap Dividend Stocks to Buy Today

The stock market has always been unpredictable, but unprecedented world events have made the market even more unpredictable during the last few years. Between the end of the 10-year bull run, the COVID-19 pandemic, unprecedented fiscal stimulus, wars overseas, and rising inflation, the idea of a normal market environment has all but disappeared.

The only thing that we can do is look at historical averages to see where today’s market fits in the grand scheme of things. The DOW is still trading over 30,000 and S&P 500 companies are trading at nearly 21 times their annual earnings, well above the historical average of 15 times earnings.

At the same time, we find ourselves in a rapidly changing interest rate environment. Fixed income investments have increased in yield in the last few years, but it’s hard to predict how long the Federal Reserve will keep rates elevated for. S&P 500 stocks continue to yield under 2% and some investors think it's too challenging to find safe and affordable securities that pay 4%, 5%, and even 6% yields.

Searching for yield isn't easy in an environment where historically high asset prices and stimulus from the Fed have driven down yields. This doesn't leave many options for investors looking for retirement income or a decent dividend yield on their stocks, but there are a handful of cheap dividend stocks to buy that are still yielding 3%-6%.

We've put together some of the best dividend stocks that are trading under their value and at lower P/E ratios than their peers. These stocks are true bargains in the dividend world right now.

Let's review some of the best cheap dividend stocks in the market today in this slideshow.



#1 - Compass Minerals International (NYSE:CMP)

Share Price
$34.08
Dividend Yield
1.82%
Track Record
0 Years of Consecutive Dividend Growth
Payout Ratio
-61.9%
Consensus Rating
Buy
Consensus Price Target
$59.67 (75.1% Upside)

About Compass Minerals International

Compass Minerals International logoCompass Minerals International, Inc engages in the production of salt, sulfate of potassium, and magnesium chloride, and in the provision of records storage. It operates through the Salt and Plant Nutrition segments. The Salt segment provides highway de-icing salt. The Plant Nutrition segment produces and markets SOP products in various grades worldwide to distributors and retailers of crop inputs. Read More 
 
Insider Trades by Quarter for Compass Minerals International (NYSE:CMP)




#2 - Wells Fargo & Company (NYSE:WFC)

Share Price
$40.21
Dividend Yield
3.2%
Track Record
2 Years of Consecutive Dividend Growth
Payout Ratio
34.4%
Consensus Rating
Buy
Consensus Price Target
$49.45 (23.0% Upside)

About Wells Fargo & Company

Wells Fargo & Company logoWells Fargo & Co is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage products and services, and consumer and commercial finance. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Read More 
 
Insider Trades by Quarter for Wells Fargo & Company (NYSE:WFC)




#3 - Amgen (NASDAQ:AMGN)

Share Price
$224.23
Dividend Yield
3.74%
Track Record
11 Years of Consecutive Dividend Growth
Payout Ratio
57.9%
Consensus Rating
Hold
Consensus Price Target
$250.94 (11.9% Upside)

About Amgen

Amgen logoAmgen, Inc is a biotechnology company, which engages in the discovery, development, manufacture, and marketing of human therapeutics. It operates through Human Therapeutics segment. The company was founded by William K. Bowes, Jr., Franklin Pitcher Johnson, Jr., George B. Rathmann, and Joseph Rubinfeld on April 8, 1980 and is headquartered in Thousand Oaks, CA.
 
Insider Trades by Quarter for Amgen (NASDAQ:AMGN)




#4 - Magellan Midstream Partners (NYSE:MMP)

Share Price
$62.67
Dividend Yield
7.56%
Track Record
20 Years of Consecutive Dividend Growth
Payout Ratio
76.0%
Consensus Rating
Hold
Consensus Price Target
$59.46 (5.1% Downside)

About Magellan Midstream Partners

Magellan Midstream Partners logoMagellan Midstream Partners LP engages in the transportation, storage, and distribution of petroleum products and crude oil. It operates through the following segments: Refined Products and Crude Oil. The Refined Products segment consists of an approximately 9,800-mile refined petroleum products pipeline system with 54 terminals and two marine storage terminals. Read More 
 
Insider Trades by Quarter for Magellan Midstream Partners (NYSE:MMP)




#5 - Pfizer (NYSE:PFE)

Share Price
$36.48
Dividend Yield
4.39%
Track Record
12 Years of Consecutive Dividend Growth
Payout Ratio
32.3%
Consensus Rating
Hold
Consensus Price Target
$47.33 (29.8% Upside)

About Pfizer

Pfizer logoPfizer Inc is a research-based global biopharmaceutical company. It engages in the discovery, development, manufacture, marketing, sales and distribution of biopharmaceutical products worldwide. The firm works across developed and emerging markets to advance wellness, prevention, treatments and cures that challenge the most feared diseases. Read More 
 
Insider Trades by Quarter for Pfizer (NYSE:PFE)




#6 - General Electric (NYSE:GE)

Share Price
$104.01
Dividend Yield
0.32%
Track Record
0 Years of Consecutive Dividend Growth
Payout Ratio
4.2%
Consensus Rating
Buy
Consensus Price Target
$103.20 (0.8% Downside)

About General Electric

General Electric logoGeneral Electric Co engages in the provision of commercial and military aircraft engines and systems, wind, and other renewable energy generation equipment and grid solutions, and gas, steam, nuclear, and other power generation equipment. It operates through the following segments: Aviation, Healthcare, Renewable Energy, and Power. Read More 
 
Insider Trades by Quarter for General Electric (NYSE:GE)




#7 - Enterprise Products Partners (NYSE:EPD)

Share Price
$26.08
Dividend Yield
7.57%
Track Record
26 Years of Consecutive Dividend Growth
Payout Ratio
77.2%
Consensus Rating
Buy
Consensus Price Target
$31.00 (18.9% Upside)

About Enterprise Products Partners

Enterprise Products Partners logoEnterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. Read More 
 
Insider Trades by Quarter for Enterprise Products Partners (NYSE:EPD)




#8 - Emerson Electric (NYSE:EMR)

Share Price
$82.30
Dividend Yield
2.52%
Track Record
66 Years of Consecutive Dividend Growth
Payout Ratio
25.6%
Consensus Rating
Buy
Consensus Price Target
$98.88 (20.1% Upside)

About Emerson Electric

Emerson Electric logoEmerson Electric Co is a global technology and engineering company, which designs and manufactures products and delivers services that bring technology and engineering together to provide innovative solutions for customers in a wide range of industrial, commercial, and consumer markets. It operates through the following segments: Automation Solutions, AspenTech, Commercial and Residential Solutions, Climate Technologies, and Tools and Home Products. Read More 
 
Insider Trades by Quarter for Emerson Electric (NYSE:EMR)




#9 - Procter & Gamble (NYSE:PG)

Share Price
$152.53
Dividend Yield
2.42%
Track Record
68 Years of Consecutive Dividend Growth
Payout Ratio
65.5%
Consensus Rating
Buy
Consensus Price Target
$161.50 (5.9% Upside)

About Procter & Gamble

Procter & Gamble logoProcter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances. Read More 
 
Insider Trades by Quarter for Procter & Gamble (NYSE:PG)




#10 - United Parcel Service (NYSE:UPS)

Share Price
$171.04
Dividend Yield
3.89%
Track Record
14 Years of Consecutive Dividend Growth
Payout Ratio
52.4%
Consensus Rating
Buy
Consensus Price Target
$193.58 (13.2% Upside)

About United Parcel Service

United Parcel Service logoUnited Parcel Service, Inc is a package delivery company, which engages in the provision of global supply chain management solutions. It operates through the following segments: U.S. Domestic Package, International Package, and Supply Chain Solutions. The U.S. Domestic Package segment includes time-definite delivery of letters, documents, and packages. Read More 
 
Insider Trades by Quarter for United Parcel Service (NYSE:UPS)



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