12 Incredibly Cheap Dividend Stocks to Buy Now

2. Jack in the Box Inc. (NASDAQ:JACK)

Forward P/E Ratio as of March 14: 6.08

Jack in the Box Inc. (NASDAQ:JACK) is a California-based fast food restaurant chain. The company operates under a franchise business model and is known for offering a diverse menu. While inflation and rising wages in California—where nearly 45% of its locations are based—have posed challenges, the company remains focused on a strong recovery. Since acquiring Del Taco in March 2022, it has prioritized expanding its footprint, modernizing kitchen operations, and enhancing digital ordering and delivery services. Its plans to open new locations, including an expansion into Chicago in 2025, underscore its confidence in long-term growth.

In fiscal Q1 2025, Jack in the Box Inc. (NASDAQ:JACK)’s total revenue declined by 3.7% year-over-year to $469.4 million, primarily due to Del Taco’s refranchising efforts. Net income for the quarter stood at $33.7 million. Same-store sales posted a slight increase of 0.4%, with franchise locations growing by 0.5%, while company-owned stores experienced a minor dip of 0.4%.

Jack in the Box Inc. (NASDAQ:JACK) offers a quarterly dividend of $0.44 per share and has a dividend yield of 5.62%, as of March 14. Despite mixed financial results, the company reported a strong cash position in the quarter, generating over $105.6 million in operating cash flow— a significant turnaround from a negative operating cash flow of $22,675 in the prior-year period. The company has maintained consistent dividend payments since 2014, reinforcing its appeal as one of the best dividend stocks.