Today we'll look at three dividend stocks from high-quality businesses. All three have declined by at least 10% over the last 30 days. Two of them are Dividend Aristocrats, stocks with 25 or more years of consecutive dividend increases. If that doesn't scream "high quality," then what does? Click here to see all 50 Dividend Aristocrats. The other high-quality dividend stock in this article is the most profitable company in the world. For some reason, Wall Street keeps discounting it.
Apple (AAPL) stock is extremely cheap. Shares are trading at a price-to-earnings ratio of just 10, because the stock is down 27% in the past year and more than 14% in the last month. Shares of Big Pharma company Abbott Laboratories (ABT) are down 21% in the past year and 12% in the last 30 days. Investor sentiment is negative, based on fears of increased government intervention in drug prices, as well as slowing growth across Abbott's product portfolio. But these concerns appear overblown. Abbott has a long history of navigating ups and downs. Franklin Resources (BEN) is in the financial sector, in the asset-management industry. The stock has not performed well in recent periods. Shares are down 32% over the past year and nearly 11% in the last 30 days. The declines in its share price came even though the company remains steadily profitable. The good news is that this has created a buying opportunity for value investors.
Source: The Street
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- 5 Tech Stocks With A History of Growing Their Dividends
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I'm actually considering ABT for a June buy. Thanks for sharing.