3 Dividend Stocks Trading Cheap Enough to Buy Meaningful Stakes for Under $1,000
Source: 24/7 Wall St. ·
AT&T, Verizon, and Pfizer all trade under $50 a share, but a low entry price and genuine value are two very different things, and only one of these three high-yield names carries a coverage story that should make income investors nervous.
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AT&T, Verizon, and Pfizer all trade under $50 a share, but a low entry price and genuine value are two very different things, and only one of these three high-yield names carries a coverage story that should make income investors… This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Blue-chip dividend-paying stocks don’t always demand blue-chip checks. Three of the largest dividend names on the New York Stock Exchange — AT&T ( NYSE:T | T Price Prediction ) , Verizon Communications ( NYSE:VZ ) and Pfizer ( NYSE:PFE ) — all trade below $50 a share, which puts a meaningful position within reach of a $1,000 stake. Spread $1,000 across each name and a $3,000 outlay throws off roughly $160 in annual passive income at current yields. Here is the framing readers deserve before the ticker profiles: A low share price speaks only to entry cost, while valuation is a separate question. A $25 stock is not…