7 Ridiculously Cheap Stocks Yielding 5% in 2023

Finding cheap dividend stocks is critical for another reason. By the time the Federal Reserve meets for the second time in 2023, the central bank will set a Fed Funds rate of over 5%, that 5% still trails real borrowing costs. For example, mortgage rates and loans to small businesses will exceed 6%. In addition, the consumer price index, which measures inflation, is 7.1% year over year. Despite negative real returns, investors should expect the Federal Reserve will achieve a long-term inflation rate of 2%. Investors have these seven ridiculously cheap dividend stocks to consider...

Now is the time to seek safety in cheap dividend stocks. Investors should get rewarded for holding cheap dividend stocks in 2023: British American Tobacco (BTI) – Strong product portfolio will lead to market share expansion.Bank of Nova Scotia (BNS) – Healthy portfolio of quality clients will offset increased loan provisions. Ford Motor (F) – Pivot to high-end electric vehicles might increase long-term profits. Intel (INTC) – Strong product line-up and launch of products in new markets like graphics will increase growth. LyondellBasell Industries (LYB) – Increased business in China will reverse the slowdown. Medifast (MED) – Growth in clients through effective coaches will increase revenue. Walgreens Boots Alliance (WBA) – Telehealth initiative will improve customer service levels.

Source: Investor Place

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