These Dirt Cheap Dividends Pay 4x-9x The Market

Market Overview - The overall market is considered expensive by historical metrics, with the S&P 500's forward price-to-earnings (P/E) ratio at 22.1, a level last seen during the COVID rebound and the dot-com bubble [3][4] Investment Opportunities Cheap Dividends - AES Corp.: Virginia-based electric utility with a 5.5% yield, trading at 5 times cash-flow estimates and a PEG of 0.6, indicating it is inexpensive compared to growth estimates [4][5] - Edison International: Offers a 5.9% yield, with shares down over 25% due to wildfire litigation, but expected to generate decent top-line growth and significant profit recovery in the coming years [6][8][9] - Amcor: A packaging specialist yielding 5.2%, acting defensively while being involved in various sectors, with a P/CF of roughly 6x [11][19] - Kodiak Gas Services: An energy services firm yielding 5.2%, well-positioned for growth with a young fleet and trading at 6 times cash flow estimates [12][14] - Atlas Energy Solutions: Yielding 8.4%, but shares have dropped 45% this year; however, it has sufficient free cash flow to cover dividends [15][17] - United Parcel Service (UPS): A blue-chip stock yielding 7.5%, shares have lost nearly half their value in two years, trading at roughly 8 times cash-flow estimates [18][21][22] - Western Union: Yielding 11.3%, facing competition from payment apps, but has launched initiatives to improve operations and expand digital offerings [23][24]