46 Undervalued Dividend Stocks for February

A fully updated spreadsheet of high-quality income stocks trading below fair value - with yields, safety scores, and upside estimates.

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Each month, premium subscribers get a fully updated dividend stock spreadsheet - highlighting only the stocks that pass a strict undervaluation and income screen.

This February, 46 dividend stocks made the cut. Each one is undervalued, cash-flow-generating, and positioned for long-term upside as the market re-evaluates quality.

If your goal is to build reliable income while buying strong businesses at a discount, this is exactly where I’m looking. The complete list and full breakdown are available exclusively to paid members.

Subscribe to unlock:

• Two exclusive monthly stock spreadsheets

• Undervalued dividend stocks and high-upside S&P 500 opportunities

• Available only to paid members

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How We Identify Undervalued Stocks (Quick Recap)

Every stock in this month’s list is selected using a disciplined, repeatable framework designed to identify dividend-paying companies trading below fair value - without sacrificing balance sheet strength or payout sustainability.

In practice, that means:

• Elevated dividend yields vs. historical averages (Dividend Yield Theory)

• Discounted valuations, typically forward P/E below long-term norms

• High dividend safety, generally scores of 60+

• 15%+ targeted medium-term upside

• Conservative balance sheets (Net Debt/EBITDA < 3x; < 5x for REITs)

This approach helps us focus on high-quality income stocks that are mispriced today but positioned to deliver reliable income and long-term capital appreciation.

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How to Use This Spreadsheet

The spreadsheet below contains 46 dividend-paying stocks that passed this month’s valuation, income, and quality screen. Every name is trading below estimated fair value while maintaining acceptable dividend safety and balance sheet strength.

You can sort the spreadsheet depending on your objective:

• Income-focused: Dividend Yield, Dividend Safety

• Value-focused: P/E vs 5-Year Average P/E, % From Expected Price

• Quality-focused: ROIC, Free Cash Flow history, Net Debt/EBITDA

All figures reflect the most recent available data and are updated monthly.

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Below are the February stocks that passed every filter above.