Top 3 Dividend Stocks of June 2023 That Are Severely Underrated

Sponsored by InvestorPlace

My Top Dividend Stock of 2023

Sponsored

I just went live with an urgent message for investors.

I've identified the top dividend stock for the remainder of 2023…

A stock I'm convinced is your best chance to fight back against rising inflation and a looming recession.

With a massive 14% yield, this stock has been so consistent with its payouts I call it my “Sure Thing.”

And I am prepared to share it with you today … absolutely FREE.

What's more, I've prepared to send you 4 additional inflation busting dividend stocks with the potential to increase your income every year without investing a single penny more!

I put it all together in a FREE package I call the Income Forever Bundle.

It includes my brand-new book that's packed with income tricks, tips and secrets I've acquired over 20 years of helping independent investors achieve financial freedom.

But this is a limited time offer, so click here to claim your FREE Income Forever Bundle today.


Frequent dividend payments can provide a financial cushion during your retirement years and also help with current expenses. Companies that offer dividends give shareholders more reasons to hold onto shares during good times and bad times.

When the bad times come, the stock market can present opportunities to investors. Stock valuations get lower, and some dividend stocks suddenly look like bargains. Buying shares in undervalued companies gives you a greater margin of safety and a higher dividend yield. Finding undervalued dividend stocks can help you secure higher yields for stable corporations that have ample cash flow and earnings growth to support future dividend hikes.

These three top dividend stocks to buy have seen their stock prices fall a bit lately but are still enticing choices for long-term investors.

SYMBOLCOMPANYPRICE
PRUPrudential Financial$85.39
PSAPublic Storage$287.76
BACBank of America$28.57
Data last updated: June 22, 2023 12:10 PM EDT

Prudential (PRU)

Prudential logo
Source: JHVEPhoto / Shutterstock.com

Prudential (NYSE:PRU) has had a tough start to 2023, with shares down roughly 16% year-to-date. The company reported decreases in revenue and earnings for each quarter in 2022, but the most recent earnings report suggests Prudential is on the right track. In Q1 2023, Prudential reported $1.46 billion in net income and $17.05 billion in revenue.

If Prudential continues reporting results like the first quarter, the P/E ratio will condense and support further capital appreciation. Prudential’s forward P/E ratio sits a tad below 7, which is lower than Prudential’s historical P/E ratio, which has ranged from 8 to 10. Once the bad quarters go in the rearview mirror, the P/E ratio can reach a more reasonable level.

The company’s exposure to commercial real estate presents a risk, but Prudential’s leadership feels confident about continuing the streak of good quarters. The company recently announced a dividend hike from an annualized $4.80 dividend per share to an annualized $5 dividend per share. This dividend hike represented a 4.17% year-over-year increase and brought the dividend yield above 6%. The current dividend and adjusted book value per common share of $97.29 helps establish Prudential as one of the high-yield, undervalued dividend stocks to consider.

Public Storage (PSA)

a Public Storage sign in front of a facility of storage buildings
Source: Ken Wolter / Shutterstock.com

Public Storage (NYSE:PSA) is a real estate investment trust that acquires and maintains self-storage properties. The company has been volatile in 2023 but is up 5% year-to-date. The stock is down almost 20% from its all-time high and is reasonably valued. The company has a 12 P/E ratio and a 4% dividend yield.

Public Storage reported funds from operations (FFO) of $4.08 per diluted share in the first quarter. REIT investors use FFO per share when assessing investments instead of EPS to gauge the dividend’s safety. $4.08 FFO per diluted share is more than enough to cover the quarterly $3 dividend. Funds from operations jumped 11.8% year-over-year, and revenue also increased by 9.8% compared to Q1 2022.

Other public storage stocks like CubeSmart (NYSE:CUBE) and Life Storage (NYSE:LSI) have higher P/E ratios, ticking in at 29 and 30, respectively. These companies are also some of the best dividend stocks for investment capital due to their high yields, but Public Storage has them beat on valuation. All three REITs produced similar year-over-year growth in FFO and revenue.

Bank of America (BAC)

The logo of Bank of America (BAC) in modern office building in Beverly Hills, California
Source: Tero Vesalainen/Shutterstock

Bank of America (NYSE:BAC) saw its stock price tumble as a result of the Silicon Valley Bank fallout in March. The news shocked many investors and led to a major selloff in bank stocks. Regional banks got hit hard, but the more established banks also saw significant declines.

While Silicon Valley Bank’s downfall created reasonable concern, Bank of America’s stock didn’t have much reason to fall as much as it did. If anything, Silicon Valley Bank’s collapse helped Bank of America, as the large bank reaped $15 billion in deposits a few days after government authorities closed Silicon Valley Bank. Consumers and businesses moved their money into more established financial institutions like Bank of America to mitigate their risk.

Bank of America has done its part with 9.2% year-over-year revenue growth and 15.5% year-over-year income growth in Q1 2023. It’s also the second-largest bank in the U.S. and has over $3 trillion in assets. The company has a P/E below 9, a P/B ratio below 1, and a dividend yield above 3%. You can get higher yields with other undervalued dividend stocks, but Bank of America rarely has a yield above 3%. Bank of America trades below $34/share, the price BAC stock had before the Silicon Valley Bank news gripped the markets. No underlying changes to the company, plus its strong position in the banking industry, suggest the market’s reaction in March was misguided.

My Top Dividend Stocks for 2023 [FREE]

Sponsored

Few people realize this…

But dividends account for up to 90% of the stock market's returns over the past century!

I think it's a crying shame folks don't know how powerful dividends are.

That's why, today, I'm giving you my Ultimate Dividend Package – completely free of charge.

(Seriously… no credit card required.)

You'll get my top dividend picks and my favorite strategies… so you can collect massive income while you enjoy life!

Inside, you'll discover:

  • How you can lock in an ULTRA-SAFE 9% yield…
  • My top three “Extreme Dividend” stocks, which could supercharge your dividend gains.
  • My No. 1 dividend stock for a LIFETIME of income.
  • How you can make money even if a stock goes DOWN… without options, shorting or anything fancy.
  • How you can turn a small dividend yield of even 2% into a 5%… 10%… even a 20% yield on your initial investment… with one little trick!

>>> Click Here for Your Free Ultimate Dividend Package. <<<

Don't miss your chance to grab this incredibly powerful package for free!

P.S. When I say FREE, I mean it. There is no catch, you get my entire Ultimate Dividend Package… including my #1 dividend stock…. Free of charge.

Get All the Details on This Coin Before It Soars!

Dozens of tokens are moving at full steam.

And this bull run is just getting started!

Enter Your Email Address Below To Get the Name Today



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Get All the Details on This Coin Before It Soars!

Dozens of tokens are moving at full steam.

And this bull run is just getting started!

Enter Your Email Address Below To Get the Name Today



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Get All the Details on This Coin Before It Soars!

Dozens of tokens are moving at full steam.

And this bull run is just getting started!

Enter Your Email Address Below To Get the Name Today



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Get The Names And Tickers Of These 3 REITs Right Now

Enter your email below to see the stock names and tickers of the 3 REITs Every Retiree Should Target for a “Second Salary” on the next page.
 


By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Write This Stock Ticker Down Right Now

Enter your email below to see the stock name and ticker on the next page.


By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Write This Stock Ticker Down Right Now

Enter your email below to see the stock name and ticker on the next page.


By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Write This Stock Ticker Down Right Now

Enter your email below to see the stock name and ticker on the next page.


By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Write These Stock Tickers Down Right Now

Enter your email below to see the stock names and tickers on the next page.


By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

ELON’S FINAL MOVE​

Elon’s new AI venture promises to create 10 TIMES MORE American millionaires than Tesla did.
Enter your email below to see the backdoor way to play Musk’s private AI startup…


By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Write This Stock Ticker Down Right Now

Enter your email below to see the stock name and ticker on the next page.


By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Write These Tickers Down Right Now

Enter your email below to see the stock names and tickers of the 3 REITs Every Retiree Should Target for a “Second Salary” on the next page.


By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Write This Stock Ticker Down Right Now

Enter your email below to see the stock name and ticker on the next page.


By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Write This Stock Ticker Down Right Now

Enter your email below to see the stock name and ticker on the next page.


By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

The 3 Titans of AI

Get ready to join the AI revolution! The unstoppable rise of artificial intelligence AI is taking the world by storm, transforming industries and reshaping the future. Excitingly, numerous companies are diving headfirst into this cutting-edge technology, pouring massive investments into AI to revolutionize their products, slash costs, and gain an unbeatable edge over the competition.

But wait, there’s more! Through meticulous research and rigorous analysis, I’ve uncovered the crème de la crème of the AI world. These three mighty AI behemoths are the crown jewels of the market, primed to ride the surging tide of AI adoption across industries.

Imagine the thrill of being part of their phenomenal growth story! Brace yourself for the exciting journey ahead as you invest in these AI Titans—the vanguards of innovation, the masters of AI mastery. They are set to unlock unparalleled opportunities and immense value for savvy investors seeking long-term prosperity.



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

The 3 Titans of AI

Get ready to join the AI revolution! The unstoppable rise of artificial intelligence AI is taking the world by storm, transforming industries and reshaping the future. Excitingly, numerous companies are diving headfirst into this cutting-edge technology, pouring massive investments into AI to revolutionize their products, slash costs, and gain an unbeatable edge over the competition.

But wait, there’s more! Through meticulous research and rigorous analysis, I’ve uncovered the crème de la crème of the AI world. These three mighty AI behemoths are the crown jewels of the market, primed to ride the surging tide of AI adoption across industries.

Imagine the thrill of being part of their phenomenal growth story! Brace yourself for the exciting journey ahead as you invest in these AI Titans—the vanguards of innovation, the masters of AI mastery. They are set to unlock unparalleled opportunities and immense value for savvy investors seeking long-term prosperity.



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Write This Stock Ticker Down Right Now

Enter your email below to see the stock name and ticker on the next page.


By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Bill Gates is all about this tiny $2 stock

According to Bill Gates… This company is working on a unique technological innovation that is going to change the world as we know it.

Powerful companies like Microsoft, Intel, and Google are all quietly racing to be at the forefront of this new phenomenon…

But it’s this tiny company who holds the keys to what could be a $7 Trillion Revolution…

Enter your email below for all the details.



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Free Access to Chaikin Analytics

Marc Chaikin has developed a system  over the past 50 years…

A website that shows you which stocks could soon rise by 100% or more, by typing in any of 4,000 tickers.

Today, he’s allowing me to offer you free access to the system here, as part of a major new prediction he’s making.

Enter your email for access, and get his free recommendation.



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Amazon Price Prediction

Should investors be looking to buy or sell?
Sign up below for our in-depth review & price prediction on Amazon.


By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Apple Price Prediction

Should investors be looking to buy or sell?
Sign up below for our in-depth review & price prediction on Apple.


By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Nvidia Price Prediction

Should investors be looking to buy or sell?
Sign up below for our in-depth review & price prediction on Nvidia.


By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Write This Stock Ticker Down Right Now

Enter your email address to see the name and ticker on the next page.


By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

How to Collect "Amazon Royalty" Payouts Before the Deadline

Thanks to a little-known IRS loophole, regular Americans can collect up to $28,544 (or more) in payouts from what is called “Amazon’s secret royalty program”…
Enter your email address to access all the details.


By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

New "Forever Battery" making gas cars obsolete​

Sign up to get the name of the stock that’s predicted to power every single EV on the planet.


By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

New EV Set to Disrupt Entire Industry

The Wall Street Journal calls it “an American manufacturing triumph.” – Will this disrupt the entire $1.3 trillion EV boom?


By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Tiny TSLA Supplier To Soar

Sign up below for details on Project X and your first FREE report, The #1 EV Stock of 2023 from Market Junkie.


By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Write This Stock Ticker Down Right Now

Enter your email below to see the stock name and ticker on the next page.


By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Own This Texas Oil Stock Today

Texas Oil Stock to Benefit from Surging Gas Prices. Reveal the ticker by signing up below and you’ll receive ongoing updates from Market Junkie.



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

$3.73 EV Stock No One's Talking About

This company is a sneaky EV play that no one’s talking about.

Enter your email address to receive this company’s name and ticker symbol for free.



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

$30 Stock Freaking Out Billionaires

This stock is an industry leader in a robotics technology that is freaking out billionaires (trading for just $30).

Enter your email address to receive this company’s name and ticker symbol for free.



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

The Best TaaS Stock Right Now

This company is set to corner the market in a self-driving technology that  could fundamentally change our entire society – much like the internet did.

Enter your email address to receive this company’s name and ticker symbol for free.



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Up to 20,000 IPOs All in One Day

A radical $2.1 quadrillion shift is coming to the financial markets.

Some are calling it G.T.E. and Mark Cuban, Elon Musk, Richard Branson, and even banks like J.P. Morgan are invested in the tech behind it.

Just $25 could get you in alongside these billionaires. 

Enter your email address to receive the video that reveals it all.



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

53-cent Biotech Stock with $2 Price Target

Steve Cohen, the billionaire stock picker known for running one of the most successful hedge funds ever, has poured millions into the first stock, and it’s trading for only 53 cents.

Enter your email address to receive this company’s name and ticker symbol for free.



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works