If you're searching for yield and dividend growth, here are three undervalued options.
The start to 2016 has been a bit of a roller coaster. Investors were expecting interest rates to climb this year, which led to a big 10% dip at the beginning of the year. But since interest rates have fallen still further (10-year Treasury yields are down about 40 basis points), investors have piled back into stocks, putting the S&P 500 back in the black.
Dividend stocks have performed exceedingly well as investors search for yield, which makes finding undervalued and high-yielding dividend stocks more difficult today than it was just a few months ago. If you dig deep enough, there are still some undervalued dividends that you can buy right now. Here are three stocks that I think represent a good opportunity for both dividend growth and price appreciation.
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Source: The Motley Fool