2 Cheap Dividend Stocks You Can Buy Right Now

Dividend income can be a great way to boost your portfolio’s value over the long term. Amid a recession, it can also be valuable source of cash flow at a time when returns may not be so strong. And in good times, it can pad your total returns. 

engineering drawing: 2 Cheap Dividend Stocks You Can Buy Right Now

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2 Cheap Dividend Stocks You Can Buy Right Now

Amgen (NASDAQ: AMGN) and Kroger (NYSE: KR) are two companies with shares currently selling at fair prices and that pay better than the 2% yield you can expect from the average S&P 500 stock. Let’s take a closer look at why investors should consider scooping up their shares today.

a stack of flyers on a table: A pile of individually wrapped stacks of 100 dollar bills sits against a white backdrop.

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A pile of individually wrapped stacks of 100 dollar bills sits against a white backdrop.

1. Amgen

California-based drugmaker Amgen has had a so-so year in 2020; its share price has remained relatively stagnant while

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2 Cheap Dividend Stocks Trading Below Book Value

Investing in a cheap dividend stock can be a great way to secure a high yield while also maximizing your potential returns over the long term. Below are two dividend stocks that are paying more than 5% annually and that are trading below their book values that could be great additions to your Tax-Free Savings Account (TFSA).

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RioCan Real Estate Investment Trust (TSX:REI.UN) is down more than 45% this year, and investors who are willing to take on some risk investing in retail can score a big potential return here. The real estate investment trust (REIT) provides investors with recurring monthly payouts that can provide lots of regularity and a steady stream of cash flow for your portfolio. And at $0.12 every month, investors can earn $1.44 on an annual basis for every share of RioCan that they own. That’s right around 10%

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Looking to make a passive income? I’d buy these 2 cheap UK dividend shares in an ISA today

The passive income potential of UK dividend shares continues to be relatively high, even after the stock market crash. Many FTSE 100 and FTSE 250 shares offer impressive yields that could provide you with a growing income return.

With that in mind, here are two British shares that offer generous yields and the prospect of growing dividends. Buying them in a tax-efficient account, such as a Stocks and Shares ISA, could allow you to enjoy a rising income in the long run.

Improving passive income prospects

BAE Systems (LSE: BA) offers a relatively attractive passive income for investors. The aerospace and defence company’s half-year results were relatively positive. This allowed it to resume dividend payments after pausing them during the earlier part of 2020 in response to a rapidly-changing operating outlook.

The company currently has a yield of around 5%. Its dividend payouts are expected to be covered almost twice

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