When a dividend-paying business falls on hard times, the sell-off can lead to some very attractive yields, just by virtue of the stock going down. If such headwinds prove temporary, courageous investors may not only benefit from some very nice payouts, but also reap the gains from stock appreciation. Here are two high-quality stocks that currently sport very high dividend yields due to near-term headwinds, but which have a good chance of turning things around.
Oil and gas midstream operator Crestwood Equity Partners (NYSE:CEQP) is a master limited partnership (MLP) that services the Bakken, Niobrara (Powder River), Permian, and Marcellus basins. Crestwood's main business is gathering and processing, with smaller segments in storage and transportation, and marketing and logistics. Crestwood had been on a tear this year, with shares up over 45% for 2019 as of mid-September. However, recent events regarding a key customer have caused shares to fall, halving the year's gains. The world's largest movie theater chain AMC Entertainment (NYSE:AMC) has suffered from concerns over the future of movie going, due to the rise of online streaming services. The company's sizable debt load, which was amassed after AMC bought three other theater chains in 2016 and 2017, is another concern. A huge sell-off over the past three years has caused AMC's dividend yield to skyrocket to 8.3%.
Source: Motley Fool
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- How To Know When To Sell A Dividend Stock
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- 5 Dividend Stocks For The Ultimate In Deferred Gratification
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