Introduction
The U.S. stock market keeps hitting all-time highs. With the bulk of the gains in 2019 coming from multiple expansion, stocks are trading at high valuations compared to its historical averages. That makes it harder for income investors to find a good yield on their investments and protect their invested capital by staying away from overvalued stocks. Even many slow-growing income stocks from the utilities sector are trading at a P/E multiple north of 20x. But as always, it is still possible to find value in the market. In this article, I present 4