12 Incredibly Cheap Dividend Stocks to Buy Now

4. Comcast Corporation (NASDAQ:CMCSA)

Forward P/E Ratio as of March 14: 8.18

Comcast Corporation (NASDAQ:CMCSA) is an American telecommunications company that offers a wide range of mobile phone and cable TV services. The company operates through several divisions, including Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks. On March 11, Comcast announced a free internet speed upgrade for more than 20 million Xfinity customers. This update will boost upload speeds by 50% to 100%, improving file sharing, remote work, and video uploads on social media.

In the fourth quarter of 2024, Comcast Corporation (NASDAQ:CMCSA) reported nearly $32 billion in revenue, marking a 2.1% year-over-year increase. This growth was driven by strong performance across its six core business segments. Despite intense competition, connectivity revenue climbed 5%, while mobile services grew with 1.2 million new lines added. Business Services also saw a 5% revenue increase.

Comcast Corporation (NASDAQ:CMCSA)’s quarterly dividend comes in at $0.33 per share and has a dividend yield of 3.73%, as of March 14. The company maintained a strong cash position, with operating cash flow exceeding $8 billion, up from $6 billion a year ago. Free cash flow more than doubled to $3.26 billion from $1.7 billion in the prior year. Additionally, Comcast returned $1.2 billion to shareholders through dividends. With 17 consecutive years of dividend growth, it remains one of the best dividend stocks on our list.