Last week may have been a rough one for some investors, but it could be the perfect time to pick up a quality dividend stock. Dividends not only put extra income in your pocket, but they can be the sign of a healthy business that will remain undeterred by a little downside in the stock market. With that in mind, we asked three of our analysts to give us their take on one dividend stock trading near its 52-week low that they believed had a decent shot at a rebound. Here's what they had to say:
Eric Volkman: The stock of business development company Apollo Investment is currently approaching the trough of its one-year range. Matthew Frankel: I completely agree with Eric that now is an excellent time to buy undervalued BDCs and I'm a big fan of Ares Capital Corp. right now, which is the largest BDC in the U.S. Even though it pays slightly less than Apollo (and other leading BDC Prospect Capital), the company's size and diversification definitely makes up for it.
Source: Daily Finance
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