3 Embarrassingly Cheap Dividend Stocks
Like most of its retailing rivals, Kroger (NYSE: KR), the world's largest supermarket chain, is enjoining a sustained sales boost and surging profitability amid the pandemic. The stock recently traded at roughly 0.2 times annual sales, compared to over 0.7 times for big-box grocery rivals Walmart, Target, and Costco Wholesale. It also pays a meatier dividend yield than these retailers at just over 2%, with a payout ratio under 20% in the two most recent quarters (payout ratio shows what percentage of a company's earnings are going to pay the dividend, so lower is usually better).
