5 Highly Undervalued Dividend Stocks

After months of debt concerns coming from Greece, Portugal, Spain, Italy, etc., there are some real bargains in European stocks. Many European companies pay higher dividends than their American counterparts, so it makes sense to invest globally for yield. The dividends look solid with these companies because their earnings easily cover the dividend payout. Also, earnings are continuing to grow at most of these companies, so it's possible these stocks could see significant share price appreciation and dividend hikes as well. Since the headlines coming from Europe could continue to be negative for the foreseeable future, it makes sense to buy these stocks on dips and only buy in stages, so you can take advantage of any declines. Here are the European dividend stocks to consider: Telefonica SA (TEF) shares are trading at $23.42. TEF is a leading telecommunications company, based in Spain. The 50 day moving average is $23.49... Read more