The Cheapest 6.9% Dividend Portfolio You’ve Ever Seen

The Cheapest 6.9% Dividend Portfolio You’ve Ever Seen

Hand is turning a dice and changes the direction of an arrow symbolizing that the price is going ... [+] down (or vice versa) What if I told you that, in a market this expensive, there are nine dividend stocks with price-to-earnings (P/E) ratios under nine? And that this low P/E ratio paid 6. 9% per year in dividends?! If I didn't research and write it, I wouldn't believe it myself. But in a minute I will share the details on this 9-pack, which yields 4. 2% to 19. 2%. We're unlikely to see these hidden gems touted on mainstream financial websites. With the S&P 500 in the stratosphere, these ground-level bargains are being overlooked. But we contrarians see these dirt-cheap dividend stocks that: Let's start with LyondellBasell (LYB, 5. 1% yield), a Dutch-headquartered multinational chemical firm that is both the top producer of polypropylenes and the largest licensor of polyolefins, both of which have a wide range of uses, from consumer packaging to automobile parts. LYB has underperformed the market in 2021, trading virtually flat versus a nearly 25% return for the S&P 500. And that has kept it dirt-cheap, at just 5. 5 times earnings estimates. We should