5 Cheap Dividends Up To 11%: Bargain Buys Or Damaged Goods?
The ball swung to me, and without hesitation I went up for a 15-foot jump shot. Then I heard a yell. It was from “Old Carlos,” who was 10 feet from the play, who, by the way, is usually 10 feet out of the play. “He’s open for a reason,” OC yelled.
Well, I thought as I went into my shooting motion, “Little does OC know, but I’m a good jump shooter, and the elbow is a good shot for me. This is well within my range. Just because he hasn’t seen me play before doesn’t mean I can’t hit the shot.” The ball left my hand, and sure enough: clang, off the back rim.
Too much thinking on my part. OC got in my head with one of the great heckles. I learned it was a running joke. He never got there on defense, but he would scream at people that they were open for a reason. As a result, many beginners and even experienced players shot a lower percentage than they should have.
OC has since retired, but his lessons still loom strong. Whenever I see a stock, a dividend payer, that looks attractive but is a dog, OC’s voice jumps in my head: “Hey, it’s cheap for a reason!”
Let’s look at five overlooked payers yielding 5.6%-11% at prices any penny-pincher would love.
