The latest commentary from the Federal Reserve helped soothe the market’s anxiety about the impending rate hike, but it wasn’t enough to let dividend stocks off the hook. Dividend payers like utilities, real estate investment trusts and telecoms are getting shellacked in anticipation of the Fed raising interest rates for the first time in almost a decade — and deservedly so. After all, dividend stocks compete with bonds for investors’ dollars, and bond prices fall when interest rates rise.
We scoured the S&P 500 for beaten-down dividend stocks with compelling fundamentals and valuations. True, these names may suffer in the intermediate term because of the rising-rate environment, but they also look like bargains. Between rising share prices and generous payouts, these dividend stocks are set for outsized total returns if held long enough: Kimberly-Clark (KMB), ExxonMobil (XOM) and Prologis (PLD).
Source: InvestorPlace
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