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3 Absurdly Cheap Dividend Growth Stocks That Yield More Than 4%

The stock market has continued to climb higher, with the S&P 500 rallying over 15% in the past year. This has increased its P/E ratio from 24.2 times to 25.3x and reduced its dividend yield from 1.3% to 1.2%. As a result, the market appears expensive, and yields are less attractive.

Some stocks, however, trade at significantly lower valuations and offer higher yields despite their consistent financial performance and stable business models. The following three dividend growth stocks are all trading at absurdly low levels these days. As a result, their growing dividends currently yield more than 4%.

Check them out.

This post originally appeared at The Motley Fool.