3 Bargain Bin High-Yield Dividend Stocks You've Overlooked This Fall

Dividend stocks give you the ability to take advantage of compounding over time by reinvesting your payout back into more shares. Doing so allows your ownership in a business to grow, as well as your corresponding payout. Compounding is a tactic some of the smartest money managers use to increase the value of their funds over time. But some of the best dividend stocks can be found floating well below investors' radars. Here are three bargain bin high-yield dividend stocks you've probably been overlooking this fall...

For high-yield investors looking for an anchor-type stock to add to their portfolio this fall, I'd suggest digging deeper into U.K. drug giant GlaxoSmithKline (NYSE:GSK). Shares of GlaxoSmithKline have slumped nearly 11% over the trailing three-month period. Just as the name implies, Corrections Corporation of America (NYSE:CXW) owns and operates private correctional and detention facilities throughout the United States. A final bargain bin high-yield stock worth a look is a telecom giant you've possibly never even heard of before: Mobile TeleSystems (NYSE:MBT). Mobile TeleSystems, or MTS as it's more commonly known, is Russia's largest mobile telecom operator, and like the other companies above it's had a rough past few months. Despite being up for the year, it's down 15% over the trailing three-month period.

Source: Motley Fool

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