20 Top Picks with Low P/E Multiples — Top Picks for Value-Investors

In the world of investing, the allure of dividend champions lies in their ability to provide consistent returns over the long term. However, for investors seeking a cost-effective approach to dividend investing, the hunt for the cheapest dividend champions becomes a strategic pursuit. In this article, we unveil 20 top picks with low P/E multiples, focusing on three standout choices: AT&T, Chevron, and 3M.

Dividend Champions with low P/E Ratios

1. AT&T (T): AT&T has long been a stalwart in the telecommunications industry, known not only for its robust dividend history but also for its appealing valuation. With a low P/E multiple, AT&T offers investors an attractive entry point into a company with a solid track record of dividend growth.

2. Chevron (CVX): As a major player in the energy sector, Chevron stands out for its dividend consistency and a favorable P/E ratio. The company's commitment to returning value to shareholders through dividends makes it an appealing choice for those looking for both income and a reasonable valuation.

3. 3M (MMM): 3M, a diversified industrial conglomerate, has earned its status as a dividend champion over the years. With a history of consecutive dividend increases and a modest P/E ratio, 3M presents an opportunity for investors to gain exposure to a reliable income stream without breaking the bank.

Cheap Dividend Champions 2023

Now, let's explore 17 additional top picks with low P/E multiples:

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other names in the Dividend Champions space are:

4. Procter & Gamble (PG)

5. Johnson & Johnson (JNJ)

6. AbbVie (ABBV)

7. Pfizer (PFE)

8. Coca-Cola (KO)

9. IBM (IBM)

10. Verizon (VZ)

11. General Dynamics (GD)

12. Target (TGT)

13. Caterpillar (CAT)

14. Emerson Electric (EMR)

15. Cardinal Health (CAH)

16. Lowe's (LOW)

17. Sysco (SYY)

18. McDonald's (MCD)

19. Johnson Controls (JCI)

20. Consolidated Edison (ED)

These companies, like AT&T, Chevron, and 3M, exhibit a combination of dividend strength and attractive valuations. Investors keen on building a portfolio of dividend champions at a reasonable cost may find these selections particularly appealing.

It's important to note that while a low P/E ratio can be an indicator of value, thorough research and consideration of a company's fundamentals are crucial before making any investment decisions. Diversification and a long-term perspective remain key principles for successful investing, even when seeking the cheapest dividend champions.

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