10 Dow Dividend Stocks for Weary Investors

BOSTON (TheStreet) -- Investors are getting earnings-season jitters. Dow stocks still offer bargains and big quarterly dividends, even after last month's rally. To play it safe as companies release earnings in the next four weeks, here are the 10 cheapest Dow dividend stocks. They are ordered by forward earnings multiple, from cheap to cheapest.

10. Intel(INTC) is the world's biggest chipmaker. Intel will report third-quarter results Oct. 12. It swung to a second-quarter profit of $2.9 billion, or 51 cents a share, from a loss of $398 million, or 7 cents, a year earlier. Revenue grew 34% to $11 billion. The operating margin rose from 19% to 37%. Intel's stock trades at a forward earnings multiple of 10, a book value multiple of 2.4 and a cash flow multiple of 7.1 -- 23%, 56% and 52% discounts to semiconductor peer averages. Of analysts covering Intel, 31 rate it "buy", 19 rate it "hold" and two rank it "sell." Intel pays a quarterly dividend of 16 cents, equal to an annual yield of 3.4% with a payout ratio of 38%.

Bullish Scenario: Stifel Financial(SF) offers a price target of $32, suggesting a 70% return.