Prudent picks: Four favorites for yield

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by John Buckingham, editor The Prudent Speculator

It is nice to see the renewed interest in income, as we can’t forget that dividends and their reinvestment have long been a substantial contributor to the total return on equities.

Here, we highlight four dividend-paying stocks that we believe are undervalued relative to their long-term appreciation potential: Hudson City Bancorp (HCBK), Merck & Co. (MRK), Ship Finance International (SFL) and Whirlpool (WHR).