Many dividend stocks have sold off over the past year. Higher interest rates made lower-risk investments like bonds and bank CDs more attractive income-generating options. On the bright side, income-seeking investors can lock in some pretty attractive dividend yields these days.
These undervalued high-growth gems should be at the top of your list of great investing ideas right now.
If all you did was look at dividend yield, then tobacco giant Altria's (NYSE: MO) 9.2% yield would easily win out over real estate investment trust (REIT) Realty Income's (NYSE: O) comparatively small 5.5%. Here's a quick look at why conservative investors will likely be much happier with the smaller yield. Altria's primary division, which makes up around 90% of its top line, sells what it calls smokable products.