5 Fast-Growing Dividends Selling for “Free Lunch” Prices

I wouldn’t buy any old dividend payer right now, with most stock prices on the high side. But, believe it or not, there are a few quality dividend growers that are still pretty cheap. This time last year, we discussed four fast dividend growers selling below book value . It’s almost hard to believe now that the four-pack of banks we highlighted then were selling for as cheap as 70 cents on the dollar. But that’s how you make money with stocks – by buying good names when nobody else wants them. And since my column last April, this group gained an average of 53%: Easy Contrarian Gains Averaging 53%! Book value was an accurate valuation metric for these banks because most of their assets and liabilities are marked to market. ... Read more