Keeping track of all the market developments over the past year — including hot IPOs, surging cryptocurrency prices, and a historic short squeeze that dominated the news — can be exhausting. Investors who chase those headlines might make some money, but they could also be badly burned.
Before investors chase those speculative plays, they should strengthen their core portfolios with undervalued stocks that pay consistent dividends. That might seem difficult as the market and many of the stocks in it hover near all-time highs, but Cisco (NASDAQ: CSCO), AbbVie (NYSE: ABBV), and Philip Morris International (NYSE: PM) all easily fit the bill.
Let’s find out a bit more about these three cheap dividend stocks.