20 Undervalued Dividend Stocks With PE's Below 10

The S&P 500 is currently trading near an all-time high, which is making it quite difficult to find companies that are trading on the cheap.

However, if you're willing to turn over a lot of rocks, you'll find that there are still a handful of stocks out there that are trading for dirt-cheap prices.

With dividend stocks hot this year, some market experts are advising investors to be cautious and selective. Identifying companies with room to raise dividends significantly, rather than focusing on finding the highest yields, might be your best way forward.

I've tried to find a couple of undervalued stocks that might not be overbought or overprices. I've selected those stocks with positive earnings growth and single digit P/E's multiples.

Here are the results of my research...

20 Really Cheap Value Income Stocks With Yields Up To 32.21%

Dividend investing has always had a certain appeal with investors. Over time, dividend income has comprised a significant portion of long-term stock gains. That's what I've ever told on this blog.

Even better, over the long run, dividend-paying stocks have delivered better total return performance than non-dividend payers and generally have done so with lower volatility. 

But the big gain or retirement contribution comes from capital gains. If your income doubles, your investment amount should also double. If the market pays a higher multiple, you could even gain more.

Today I would like to navigate the focus to the cheapest stocks by fundamentals. Price to book and price to sales are two additional important criteria to evalueate the cheapness of a stock.

Attached you will find a list of stocks with solid future earnings growth while P/B and P/S are below the magic 1. The forward P/E is expected below 15. Damn Cheap how we would say.

Here are the results....