Want to make a million? 3 of my favourite dividend stocks to buy after the stock market crash

There’s a galaxy of great dividend stocks to buy today. And I reckon the following UK shares are too good to miss after the stock market crash.

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.

Read More

The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.

Are you looking for brilliant dividend stocks to buy at low cost? Well your luck is well and truly in. The stock market crash leaves plenty of income-paying UK shares trading at prices that are too cheap to miss.

Many people claim that the 2020 market crash provides a once-in-a-lifetime opportunity to make a million. It’s a view that’s shared by many writers here at The Motley Fool, myself included. I certainly believe that the following dividend shares have all the tools to help investors get rich and retire early.

A bargain UK share

The exploding e-commerce market means that Clipper Logistics is one of the hottest growth and dividend stocks to buy today. But don’t just take my word for it. City analysts expect annual earnings at the warehouse and distribution hub provider to keep rocketing by double-digit percentages. This includes a 30% year on year increase in the current fiscal year (to April 2021).

This profit forecast makes Clipper brilliant value for money. Right now the company can be snapped up on a sub-1 price-to-earnings growth (PEG) reading of 0.6. Combined with an inflation-smashing 3.5% dividend yield I think this is one of the best all-round stocks to buy today.

More great stocks to buy

Those seeking value, growth, and income should pay Trans-Siberian Gold (LSE: TSG) close attention too. Bullion prices are rocketing right now, boosting the bottom lines of dedicated gold miners and blasting their share prices to the stars. Trans-Siberian itself has seen its shares gain 40% in value since the Covid-19 crisis first shook investor nerves and helped the gold price hit repeated multi-year highs.

Gold’s stampede is no flash in the pan, either. There’s plenty of macroeconomic and geopolitical factors that should drive prices steadily higher over the next decade. Against this backcloth City analysts reckon Trans-Siberian’s earnings will double in 2020 and rise an extra 44% next year.

These forecasts leave the Russian digger trading on a rock-bottom forward price-to-earnings (P/E) ratio of 7 times. This sits well inside the bargain-basement benchmark of 10 times and below. What’s more, at current prices Trans-Siberian boasts a chunky 2.9% right now. If you’re looking to ride the gold train this is one of the best stocks to buy, in my opinion.

A FTSE 100 share with a 6% dividend yield

My final pick of great dividend-paying UK shares is from the FTSE 100. Following the stock market crash, RSA Insurance Group offers spectacular value for money. On top of a forward yield of 6.3% the financial goliath sports a P/E ratio of just 10 times for 2020.

It’s not its near-term growth prospects that make RSA one of the best stocks to buy. City analysts expect annual earnings to rise by just 3% this year. They expect the bottom line to surge 15%, though, as it clicks through the gears again following the Covid-19 crisis. With the company also making huge strides to maintain a strong balance sheet, I expect this FTSE 100 share to pay big dividends for many years to come.

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Clipper Logistics. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

More on Investing Articles

Warren Buffett at a Berkshire Hathaway AGM
Investing Articles

I’d learn for free from Warren Buffett to start building a £1,890 monthly passive income

Christopher Ruane outlines how he'd learn some lessons from billionaire investor Warren Buffett to try and build significant passive income…

Read more »

Investing Articles

18% of my ISA and SIPP is invested in these 3 magnificent stocks

Edward Sheldon has invested a large chunk of his ISA and SIPP in these growth stocks as he’s very confident…

Read more »

Electric cars charging at a charging station
Investing Articles

What on earth’s going on with the Tesla share price?

The Tesla share price has been incredibly volatile in recent months. Dr James Fox takes a closer look as the…

Read more »

UK money in a Jar on a background
Investing Articles

This UK dividend aristocrat looks like a passive income machine

After a 14% fall in the company’s share price, Spectris is a stock that should be on the radar of…

Read more »

Investing Articles

As the Rolls-Royce share price stalls, investors should consider buying

The super-fast growth of the Rolls-Royce share price has come to an end for now, but Stephen wright thinks there…

Read more »

Tanker coming in to dock in calm waters and a clear sunset
Investing Articles

Could mining shares be a smart buy for my SIPP?

As a long-term investor, should this writer buy mining shares for his SIPP? Here, he weighs some pros and cons…

Read more »

Mature Caucasian woman sat at a table with coffee and laptop while making notes on paper
Investing Articles

I’d build a second income for £3 a day. Here’s how!

Our writer thinks a few pounds a day could form the foundation of a growing second income. Here's how he'd…

Read more »

Investing Articles

How I’d invest my first £9,000 today to target £36,400 a year in passive income

This writer reckons one cheap FTSE 100 dividend stock with good growth prospects could be a solid choice for a…

Read more »