'Trading Nation' Traders Share Their Thoughts On Dividend Stocks

Steve Chiavarone of Federated Hermes said on CNBC's "Trading Nation" that dividend stocks outperformed the S&P 500 on annual basis just as much as the growth stocks outperformed value in the prior year.

iShares Select Dividend ETF DVY is as cheap versus bonds or as cheap versus stocks as it has been in the last 20 years, he added. It's trading at an 8 to 10 multiple discount to the S&P 500 and Chiavarone thinks dividend stocks have a long way to run here.

Danielle Shay of Simpler Trading said it's a great time to invest in dividend stocks and she wants to buy Brookfield Renewable Corp BEPC. She doesn't expect to see the strength in the S&P 500 that we saw last year so she thinks it's a great time to search for dividend stocks.