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Are you interested in getting a high yield dividend for a modest investment?

Dividend stocks aren't glamorous. Sometimes they are as dull as your relative's standup comedy show. Yet, dividends can offer intelligent investors a great opportunity if you consider a few angles. We took a look at a couple of those angles to find a way for you to find a dividend stock that can get you a solid return.

Sometimes all that dividend stock investors care about is the bottom line - literally. It makes sense in some ways, because when it's all said and done, they want to know the amount of revenue turned into earnings for the company and how much can potentially be put towards future dividend payments.

Still, with today's market uncertainty, who really wants to pay top dollar because a dividend-paying company stock is doing well relative to their bottom line?

Not us. Being invested in this volatile stock market entails a fair amount of systemic risk. Looking at Warren Buffett's history, it's clear as daylight that it pays off over the long-term to pick off quality dividend stocks that are trading at lower prices and offering higher than average yields.

Still not convinced?

First off, you can generally lock in a higher dividend yield, which means more compensation for the risk being taken just for investing in the stock market. Second, a lower valuation means you may be getting more bang for your buck.

So how do we identify these potentially cheaper dividend-paying stocks?

One easy way to do this is by focusing on dividend-paying stocks that are trading near their current 52-week lows. This helps point out which dividend stocks have come off a long way from the top, and that the chance of buying it at a premium is lower.

We first filtered for dividend-paying companies with a dividend yield of at least 3%, and that, in addition, operate with a Net Profit Margin (Twelve Month Trailing) of 10% or higher. From this smaller pool of names, we then screened for companies that are trading no higher than 20% off their 52-Week Lows.

1. Williams Partners LP (WPZ)

Sector

Energy

Industry

Oil & Gas Midstream

Market Cap

$17,165M

Price (07/31/2012)

$54.31

Williams Partners LPs is trading 19.65% above its 52-Week Low, and is operating with a Net Profit Margin 15.92%. In addition, WPZ currently offers a dividend yield of 5.56%.

2. Iron Mountain Inc (IRM)

Sector

Industrials

Industry

Business Services

Market Cap

$5,514M

Price (07/31/2012)

$32.21

Iron Mountain Inc is trading 18.86% above its 52-Week Low, and operating with a Net Profit Margin 12.52%. In addition, IRM currently offers a dividend yield of 3.17%.

3. GlaxoSmithKline PLC (GSK)

Sector

Healthcare

Industry

Drug Manufacturers - Major

Market Cap

$116,134M

Price (07/31/2012)

$46.00

GlaxoSmith Kline is trading 18.68% above its 52-Week Low, and is operating with a Net Profit Margin of 19.16 %. In addition, GSK currently offers a dividend yield of 4.95%.

4. Vodafone Group PLC (VOD)

Sector

Communication Services

Industry

Telecom Services

Market Cap

$142,732M

Price (07/31/2012)

$28.75

Vodafone Group PLC is trading 18.26% above its 52-Week Low, and is operating with a Net Profit Margin of 14.99%. In addition, VOD currently offers a dividend yield of 5.09%.

5. Statoil ASA (STO)

Sector

Energy

Industry

Oil & Gas Integrated

Market Cap

$75,858M

Price (07/31/2012)

$23.79

Statoil ASA is trading 18.24% above its 52-Week Low, and is operating with a Net Profit Margin 10.92%. In addition, STO currently offers a dividend yield of 3.82%.

6. AstraZeneca PLC (AZN)

Sector

Healthcare

Industry

Drug Manufacturers - Major

Market Cap

$116,134M

Price (07/31/2012)

$46.81

AstraZeneca PLC is trading 18.68% above its 52-Week Low, and is operating with a Net Profit Margin 19.16%. In addition, AZN currently offers a dividend yield of 4.95%.

7. Johnson & Johnson (JNJ)

Sector

Healthcare

Industry

Drug Manufacturers - Major

Market Cap

$190,104M

Price (07/31/2012)

$69.22

Johnson & Johnson is trading 17.16% above its 52-Week Low, and is operating with a Net Profit Margin 15.55%. In addition, JNJ currently offers a dividend yield of 3.35%.

8. HSBC Holdings PLC (HBC)

Sector

Financial Services

Industry

Banks - Global

Market Cap

$150,519M

Price (07/31/2012)

$41.80

HSBC Holdings PLC is trading 17.02% above its 52-Week Low, and is operating with a Net Profit Margin 18.24%. In addition, HBC currently offers a dividend yield of 4.90%.

We hope this list helps as investors do their own due diligence on dividend stocks that are operating with a strong Net Profit Margin, trading near their current 52-week lows, and offering a decent dividend yield.

Disclaimer: The thoughts, opinions, and statements here are not to be taken or construed as investment advice directed toward any individual and or entity.

*Information sourced from finviz.com.

Source: 8 Inexpensive Dividend Stocks With Real Yield And A Strong Bottom Line