2 High-Yield Dividend Stocks to Buy Now
Investing in top consumer brands when they offer high dividend yields can be a rewarding investment strategy. But a high yield will sometimes reflect something wrong with the business that investors should make certain is temporary before committing to buying shares.
Dollar General (NYSE: DG) and The Hershey Company (NYSE: HSY) are both offering high dividend yields after their stocks fell over the last year on weak financial results amid sluggish consumer spending. Here's why investors can count on these companies to navigate near-term headwinds and continue paying generous dividends for years to come.
Dollar General is one of the leading discount retail stores. Weak traffic trends have sent its stock well off its highs over the past few years, as customers struggled with higher prices for groceries. However, the business has seen many economic cycles come and go since its founding in 1939. It serves a high percentage of the population, with more than 20,000 stores across the U.S. and Mexico.
Source Fool.com
Hershey Co. Stock
We see a rather positive sentiment for Hershey Co. with 14 Buy predictions and 2 Sell predictions.
As a result the target price of 181 € shows a slightly positive potential of 13.66% compared to the current price of 159.25 € for Hershey Co..
