7 Best Dividend Stocks You’ve Never Heard Of

The best dividend stocks are the ones that offer reliable income and high yield. However, in the current stock market, it’s important for investors not to simply chase high dividends without looking at other metrics. Consider that many big-name consumer staples and utility stocks are trading for sky-high price-to-earnings ratios right now. Consolidated Edison, Inc. (NYSE:ED) trades for a forward P/E of almost 18 and Procter & Gamble Co (NYSE:PG) trades for a forward P/E of almost 21. That’s a big premium to pay for income. And even if you’re getting modest dividends, you may eventually suffer a steep decline in your initial investment because you bought at too high of a price.

The best dividend stocks to buy right now, however, are not the names you’ve heard of like P&G or ConEd. Instead, they are lesser-known mid-caps that still throw off substantial annual dividend payouts. Best Dividend Stocks: Owens & Minor (OMI), Tanger Factory Outlet Centers (SKT), Compass Minerals (CMP), Mercury General (MCY), Old Republic (ORI), Flowers Foods (FLO) and Garmin (GRMN).

Source: InvestorPlace

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