Undervalued Dividend Stocks Offer Income and Upside Potential
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Bar Harbor Bankshares (BHB) is a quality regional bank with a 4.5% dividend yield and 6-7% dividend growth that is attractively valued.
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Clearway Energy (CWEN, CWEN.A) is a leading renewable energy company with an 8% dividend yield and 7% dividend growth that trades at very low earnings multiples.
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Enbridge (ENB) is a large midstream company with a 6.5% yield, 29-year dividend growth history, and inflation protection that deserves a higher valuation.
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High interest rates have suppressed the valuations of quality income stocks, presenting a buying opportunity.
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The Fed is likely to start cutting interest rates later this year, which should benefit undervalued dividend payers.