How to Buy Mammoth Yields at Half the Cost of the Market

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The S&P 500 is about as pricey as it ever gets. It’s also in freefall as I write.

This is good news for anyone looking for a future bargain. The plunge, however, is really bad news for most retirees who don’t read this column. They tend to own nothing except “America’s ticker” via the SPDR S&P 500 Trust ETF (SPY).

At 24-times earnings (P/E ratio), SPY is expensive. After all, who has 24 years to wait to get paid back?

But the actual payback period is even worse for SPY. Most of its firms don’t pay out all of their profits as dividends.… Read more

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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:

  1. Boast P/E ratios that average just 8.5.

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