3 Dividend Kings That Are Trading Near Their 52-Week Lows
Buying a top dividend stock when it's near its 52-week low can be an excellent move for long-term investors to consider. That's because it gives you the potential to benefit from a higher-than-usual yield, plus the possibility to cash in at a higher valuation in the future, assuming that the struggling stock bounces back. While not every stock will be a good buy in the long run, companies that routinely pay and increase their dividend payments will usually have solid financials, and that can make them good investments to hold.Three stocks that may be ideal for income-seeking investors right now are Target (NYSE: TGT), PepsiCo (NASDAQ: PEP), and Stanley Black & Decker (NYSE: SWK). These aren't just your regular dividend stocks -- they are Dividend Kings, which means they have been raising their payouts for at least 50-plus years. And with their low valuations, they can be solid buys today. Continue reading
Buying a top dividend stock when it's near its 52-week low can be an excellent move for long-term investors to consider. That's because it gives you the potential to benefit from a higher-than-usual yield, plus the possibility to cash in at a higher valuation in the future, assuming that the struggling stock bounces back.
While not every stock will be a good buy in the long run, companies that routinely pay and increase their dividend payments will usually have solid financials, and that can make them good investments to hold.
Three stocks that may be ideal for income-seeking investors right now are Target (NYSE: TGT), PepsiCo (NASDAQ: PEP), and Stanley Black & Decker (NYSE: SWK). These aren't just your regular dividend stocks -- they are Dividend Kings, which means they have been raising their payouts for at least 50-plus years. And with their low valuations, they can be solid buys today.
