Whether the stock market is near an all-time high or in a bear market, no one wants to pay more for a share of a company than it is worth. But that’s easier said than done, given companies have varying growth rates and business strategies.
A dirt cheap dividend stock could be a company that is being valued at less than its historical metrics indicate. Or it could have a compelling growth runway. Or it could have an excellent management team that consistently executes on plans and has a track record for growing earnings.