5 Cheap Dividend Stocks to Buy Now

As stock market valuations continue their stubborn march higher — the S&P 500 currently trades at nearly 20 times earnings, 27% higher than its historical 15.5x average — the hunt for cheap dividend stocks to buy isn’t easy. After all, interest rates are still at rock-bottom levels, so income investors in search of yield won’t find them in traditional vehicles like T-Notes, where 10-year yields sit at a miserable 2.1%.

And while the stock market is a volatile place, long-term investors looking for reliable income streams should look no further than Wall Street, where a bevy of dividend stocks paying yields upwards of 3% offer both income streams and capital appreciation. Let’s take a look at the five best cheap dividend stocks to buy now; each one should serve investors well in the low-rate environment of 2015. AbbVie Inc (NYSE:ABBV), Verizon Communications Inc. (NYSE:VZ), Ford Motor Company (NYSE:F), Nucor Corporation (NYSE:NUE) and Dow Chemical Co (NYSE:DOW).

Source: InvestorPlace

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