Updated: April 8, 2016
A couple weeks ago, I showed you how to zero in on something every investor longs for: growth at a reasonable price.
These days, it’s a tall order. With the S&P 500 back near breakeven after this winter’s flame-out, valuations are again ticking higher.
But no matter where the broader market’s headed, there are always top-quality dividend payers on sale. The key is to comb through unloved sectors and tease out strong businesses that have been tossed out with the laggards.
Here are two examples of companies investors have (unfairly) punished. Their stocks won’t be long in detention, however—these businesses are too good, with management teams that are too shareholder friendly, to stay down for much longer.…