There’s a problem with many dividend stocks on the market right now. It’s not that their dividends are too low; instead, their valuations are too high. When the next bear market comes, investors who bought the stocks for the great dividends could be stuck with big losses. Those losses could easily more than wipe out all of the income they received.
Here’s the good news: This problem doesn’t extend to all dividend stocks. Some of them don’t have ridiculously high valuations. A few are even downright bargains. Here are three great dividend stocks that are simply too cheap to ignore.