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5 Cheap Dividend Stocks to Buy

Cheap stocks that pay stable and often generous dividends could deserve a place in your portfolio

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Cheap Dividend Stocks #4: Banco Santander (SAN)

cheap-dividend-stocks-san-stockShare Price as of 4/4: $9.93
YTD Stock Performance:
Dividend Yield: 6.4%

It’s not often you find cheap stocks with market caps of $112 billion, but Spanish bank Banco Santander (SAN) still is recovering from the recession that swept over Europe.

Happily, although growth in Spain and elsewhere is slow, economic activity is picking up and the worst appears to be behind the continent — part of why Bryan Perry picked SAN stock as his entry in InvestorPlace’s 10 Best Stocks of 2014 contest, where it’s currently sitting at No. 3.

There’s even talk of another smaller stimulus program from the European Central Bank to goose things along. SAN also has a large presence in Latin America, where with a few exceptions economic activity is robust.

Meanwhile, sentiment on this giant among cheap stocks has definitely picked up. The U.S. arm of Banco Santander had its capital plan rejected by the Federal Reserve and yet shares have only gone up. (To its credit, the market didn’t overreact to the news, which only means payments to its foreign parent will be restricted to year-ago levels.)

SAN stock also has some nice momentum early in the second quarter, breaking above both its 50- and 200-day moving averages.

Article printed from InvestorPlace Media,

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