2 Absurdly Cheap Dividend Stocks to Buy With $1,000 Right Now

Bristol Myers Squibb (BMY) and Pfizer (PFE) are recommended as two affordable dividend stocks for a $1,000 investment, offering yields of 3.8% and 6% respectively. Both companies have long dividend histories (94+ years for BMY, 87+ years for PFE) but face challenges replacing legacy drug sales while growing through newer therapies.

Why it matters: BMY is considered safer with a free cash flow payout ratio around 45%, while PFE offers higher yield but with higher risk at ~89% payout ratio.