7 Cheap Dividend Stocks to Buy for $20 or Less

I have a well-deserved reputation as a cheapskate. I brown bag my lunches most days, keep my thermostat at 79 degrees, and– if my wife doesn’t intervene — I’ll generally wear my clothes until they’re moth-eaten and threadbare. I’m good with that. As Benjamin Franklin said, a penny saved is a penny earned.

Perhaps not shockingly, I take the same approach in my investing. I like cheap stocks and, specifically, cheap dividend stocks. I like getting paid in cold, hard cash, after all.

Now, as a general rule, price and value are two very different things. For example, Apple Inc. (AAPL) trades for well over $150 per share. But considering it trades for just 14 times estimated 2017 earnings, I’d argue it’s one of a handful of truly cheap dividend stocks to buy in an otherwise expensive market. At the same time, Snap Inc. (SNAP) trades for less than $13 per share, barely half its IPO price … yet I’d argue that the profitless piece of junk is still too expensive.

But sometimes a stock that has a cheap share price really is a cheap stock. And today, we’re going to take a look at seven cheap dividend stocks to buy, all of which are trading for less than $20 per share. With a hundred dollar bill, you could buy at least five shares of any of these and still have cash left over.

Prices and data are from the original InvestorPlace story published on August 3, 2017. Click on ticker-symbol links in each slide for current prices and more.

SEE ALSO FROM KIPLINGER: 12 Stocks Paying Dividends for 100 Years or More

from Kiplinger’s Personal Finance http://bit.ly/2wmm5OL
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