11 Cheap Quarterly Dividend Stocks to Buy Right Now

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1. General Motors Company (NYSE:GM)

Forward P/E as of September 23: 6.03

General Motors Company (NYSE:GM) is a global automaker that designs, builds, and sells vehicles under brands like Chevrolet, GMC, Cadillac, and Buick. Alongside its core gas-powered models, it is investing substantially in electric vehicles and driver-assistance technologies. The company also operates GM Financial, which provides auto financing services.

In recent years, General Motors Company (NYSE:GM) has leaned heavily on share repurchases, with its stock trading at just eight times earnings. The automaker has consistently funneled strong free cash flow into buybacks, convinced its shares are undervalued. This approach has helped cut down its share count and lift earnings per share.

In addition, General Motors Company (NYSE:GM) is also returning value to shareholders through dividends. The company has paid uninterrupted dividends to shareholders since 2014. Currently, it offers a quarterly dividend of $0.15 per share and has a dividend yield of 1.02%, as of September 23.

While we acknowledge the potential of GM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GM and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Safest Monthly Dividend Stocks to Buy and Dividend Stock Portfolio For Retirement: 10 Stocks to Buy.

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