With the massive paradigm shifts that erupted this year, more investors look toward cheap dividend stocks to buy. As inflationary forces diminished the dollar’s purchasing power in the first half of this year, many sought to arrest this trajectory through passive income. And while the Federal Reserve intends to effectively introduce deflationary forces by raising the benchmark interest rate, the underlying chaos still makes dividend payers look good.
Another reason to consider cheap dividend stocks is that they offer stability at a discount. While it’s unfair to make blanket statements, companies pay dividends from their profits. Naturally, this circumstance implies earnings generation, meaning they’re not purely growth driven. Therefore, businesses with solid track records should be able to weather storms better than non-passive-income providers.
Here are seven cheap dividend stocks to consider.
This post appeared first on InvestorPlace.