When you hear the phrase "cheap dividend stocks," what comes to mind? It can mean different things to different investors. But whatever your definition, the idea of a cheap stock is a consideration of both a stock's price and its value.

For dividend-paying stocks, the price part means you'll want to find stocks that are trading near their 52-week low. Why? Because a guiding principle of picking stocks is to buy low and sell high. Stocks that are already at 52-week highs can move higher but frequently don't. That's particularly true of dividend stocks.

Here are seven cheap dividend stocks offering value and price upside.

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