2 Incredibly Cheap Dividend Stocks to Buy Now

Group 1: Market Overview - The average forward price-to-earnings ratio (P/E) for the S&P 500 index is currently 21.5, significantly higher than the 10-year average of 17.6, indicating a challenging environment for finding bargains in the stock market [1] Group 2: Enterprise Products Partners - Enterprise Products Partners is a large midstream energy company with a diverse portfolio that includes pipelines, storage facilities, and deepwater docks [5] - The midstream segment of the energy sector is generally more stable than upstream and downstream segments due to long-term contracts and the facilitation of energy asset movement [6] - Enterprise has maintained consistent profitability with net margins over 10% and strong operating cash flow, allowing for substantial capital expenditures, projected between $2.5 billion and $2.9 billion this year [7] - Despite a recent increase in share price, Enterprise's stock remains relatively inexpensive with a forward P/E just above 13 and a dividend yield of nearly 5.9%, which is more than five times the average yield of S&P 500 components [8] Group 3: Bristol Myers Squibb - Bristol Myers Squibb is undergoing a business transformation as it shifts from reliance on blockbuster drugs like Revlimid and Eliquis, which are now part of its "legacy" portfolio, to a focus on its "growth" portfolio, particularly cancer treatment Opdivo [9][10] - The revenue from the growth portfolio increased by 16% year over year in the fourth quarter of 2025, indicating potential for future growth despite challenges from expiring patents on legacy drugs [10]