NEW YORK ( TheStreet) -- As China and other emerging market economies' growth slowed this year, material stocks were hit hard. Within the sector Cliffs Natural Resources (CLF - Get Report) was among the hardest hit, with shares falling nearly 50% in the past year. At these levels, I believe there are compelling reasons to own the stock.At $31 per share, the stock trades at a very low valuation -- a forward price-to-earnings ratio of 8. All the while, consensus estimates from analysts following the company expect EPS growth rate of 19.24% over the next 5 years. Moreover, the company pays a $2.50 per share dividend -- that's a whopping 8%.
Mispricing Evident in Three Stocks' Dividends
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