Traders Union has released a list of top cheap dividend stocks for 2024, including AT&T, Verizon Communications, Enterprise Products Partners, Avangrid, and Franklin Resources. These stocks, all priced under $40, offer attractive dividend yields and growth potential. Before investing in these stocks, investors should evaluate the company's financial health, examine dividend payment history, assess growth prospects, calculate the average dividend yield, and consider the potential for portfolio diversification.

In addition to dividend stocks, diversification across various types of investments such as real investments, financial investments, speculative investing, venture capital investments, portfolio investments, and intellectual investments is recommended. For beginners, low-risk assets like government or corporate bonds, stocks, mutual funds, pension funds, investment funds, and ETFs are suggested.

Investing in cheap stocks with high dividends can be profitable, especially in the current market environment. However, thorough research and due diligence are necessary before investing in any stock. The article was written by Oleg Tkachenko, a certified investment analyst.