The reopening of the economy has failed to spark a stock market bull run. Undervalued dividend stocks can be a smart hedge against the pessimistic market outlook in these uncertain times. For decades, the Goldman Sachs Group, Inc. has paid a consistent and growing dividend to its shareholders. In this context, the insurance and banking industries also have some good possibilities. The Allstate Corporation recently increased its payout by about 50%, and it has a history of paying shareholders regular and continuously increasing dividends. The company’s stock has surpassed its competitors. Quest Diagnostics Incorporated is another undervalued dividend stock to consider. The Secaucus-based biotech company distributes a quarterly dividend to its stockholders. Dividend stocks have historically delivered 43% of total returns in the S&P 500. As ordinary investors seek quick profits, it’s becoming more vital to consider safer investments.
Here is Insider Monkey’s list of the 10 best-undervalued dividend stocks to buy now. The Memphis-based First Horizon Corporation was founded in 1864. The company owns First Horizon Bank, which has 490 locations throughout 12 states in the United States. In the past year, First Horizon stock has returned about 111 percent to investors. Ally Financial Inc. is a bank holding corporation based in Michigan that was founded in 1919. It is the ninth best-undervalued dividend company to purchase right now on the list of ten best-undervalued dividend companies to purchase right now. Over the last twelve months, Ally stock has returned a stunning 224 percent to investors. Santander Consumer USA Holdings Inc. is a financial services company situated in Texas that was founded in 1955. On the ranking of the ten greatest undervalued dividend stocks to purchase right now, it ranks eighth. In the last year, Santander stock has returned more than 136 percent to investors. Manulife Financial Corporation is a worldwide insurance company based in Canada that was formed in 1887. On the ranking of the 10 greatest undervalued dividend stocks to purchase right now, it ranks seventh. In the past year, Manulife stock has provided investors with returns of more than 77 percent. Aflac Incorporated is an insurance firm established in Georgia. It was created in 1955 and currently ranks sixth on the list of the top 10 cheap dividend stocks to purchase right now. For more details, click the article 10 Best Undervalued Dividend Stocks to Buy Now.
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