Cheap Stocks With Dividend Yields Above 3%

The warning first: each of these stocks – with a PE ratio of less than 10, and a dividend yield of 3% or more — is cheap for a reason. There’s plenty of risk here. Defense contractors Northrop (NOC), General Dynamics (GD) and Raytheon (RTN) face a future without the government spending for two wars.

The oil companies, ConocoPhillips (COP) and Chevron (CVX), face increasing costs to extract oil and gas around the world, but abundant supplies, for now, that are likely to dampen prices and thus profits. And with a slack world economy, demand is weak.

Source: Forbes

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