3 Bargain Dividend Growers Hiding in Plain Sight

I really hope you didn’t follow the flawed “sell in May and go away” strategy I warned you about last month. Because if you dumped all your stocks on, say, May 1, you’ve already missed out on a 1.5% rise in the S&P 500. The problem? With S&P 500 trading at an overstretched 24 times trailing-twelve-month earnings, deals like these are getting tougher to come by, at least here in the U.S. But luckily for us, there are still plenty of attractively priced dividend growers beyond our borders. What’s more, international companies boast dividend yields that crush those of their American cousins.

According to Nuveen Investments, the MSCI EAFE Index, which includes large- and mid-cap stocks from 21 developed nations outside North America, has delivered yields 50% higher, on average, than the S&P 500 over the past decade. Toronto-Dominion Bank (TD), a 3.9% payer with a lovely habit of dropping two dividend hikes a year on investors, which it did from 2011 to 2015. Across the pond, U.K.-based Diageo plc (ADR) (DEO), which trades in the U.S. as an American depositary receipt (ADR), boasts a 3.1% yield and has been serving up dividends since its creation in 1997. Templeton Global Income Fund (GIM) is a closed-end fund that trades at a 9.9% discount to net asset value (NAV).

Source: InvestorPlace

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