10 Cheap Quarterly Dividend Stocks to Buy Now

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1. Viatris Inc. (NASDAQ:VTRS)

Forward P/E Ratio as of April 27: 3.78

Viatris Inc. (NASDAQ:VTRS) is a Pennsylvania-based global healthcare and pharmaceutical company. It is focused on reshaping its portfolio by moving towards more innovative, higher-margin products. Its recent strategy includes selling off non-core assets and pursuing selective acquisitions to simplify operations and improve profitability.

In the fourth quarter of 2024, Viatris Inc. (NASDAQ:VTRS) reported revenue of $3.53 billion, a decline of over 8% compared to the previous year, falling short of analysts’ expectations by more than $72 million. However, its New Products segment generated $582 million in revenue. The company also made strides in strengthening its balance sheet by reducing debt by $3.7 billion, achieving its long-term gross leverage target with a leverage ratio of 2.9x.

Despite mixed earnings, Viatris Inc. (NASDAQ:VTRS) maintained a strong cash position, generating $482.7 million in operating cash flow and $342.3 million in free cash flow during the quarter. The company has been paying regular dividends since introducing its policy in 2021, making it one of the best cheap quarterly dividends to invest in. It offers a quarterly dividend of $0.12 per share and has a dividend yield of 5.9%, as recorded on April 27.

Overall, Viatris Inc. (NASDAQ:VTRS) ranks first on our list of the best cheap quarterly dividend stocks. While we acknowledge the potential of VTRS as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than VTRS but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the dirt cheap dividend stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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