3 Reasons to Buy This Undervalued Dividend Stock

▤ Summary

German industrial giant Siemens (OTC:SIEGY) stands out as a beacon of value in an increasingly expensive market. Sporting a dividend that at current share prices yields 2.6% and trading at attractive valuations, Siemens would make a strong addition to many portfolios. Mobility (rail infrastructure, rolling stock, traffic systems) is probably the least exciting of Siemens main industrial businesses, but even it has good growth prospects. The segment plays to the theme of growing electrification in the economy, the increasing use of building controls, and relatively low growth electrical products. Key competitors in imaging include GE Healthcare and Philips, while Roche and Abbott Labs provide competition in diagnostics.

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