4 Deeply Undervalued Dividend Stocks With Yields Over 5% The year 2022 has been challenging for many investors. Making money seems complicated when inflation is high, and returns in several asset classes remain negative. However, investing in undervalued dividend stocks with high yields is an effective way to combat the current bear market. As a result, many investors have shifted their focus towards blue-chip stocks. For now, the healthy dividend yield in these stocks ensure regular cash flow for investors. With a strong balance sheet and healthy operating cash flows, dividends are sustainable even if the industry faces near-term headwinds. Furthermore, as overall market conditions improve, these undervalued dividend stocks are poised for a meaningful rally. Investors are therefore positioned to benefit from dividend and capital gains in these fundamentally strong stocks. While it’s an excellent time to accumulate undervalued growth stocks, I would remain overweight on blue-chip dividend stocks. It’s a bonus if these stocks are available at a valuation gap.