3 Dividend Stocks That Could Soar in 2024
If you like dividends, then you'll be interested in investing in (NYSE: UPS), building products company Johnson Controls (NYSE: JCI), and home appliances company Whirlpool (NYSE: WHR). Their average dividend yield is 4.1%, and they are attractive stocks to buy. However, they are value stocks for a reason, and it makes sense to explore that reason before buying in.
Yielding 4.1%, UPS is coming off of a difficult 2023. Delivery volumes have failed to meet expectations due to a weakening economy and protracted labor negotiations, leading customers to divert traffic to other networks. As a result, UPS will miss the earnings expectations management laid out at the start of the year.
It's been a disappointing year, and as FedEx's recent commentary attests, it's still a weak environment, so don't be surprised if there's more pressure on delivery volumes in the first half of 2024.
Source Fool.com
United Parcel Service Inc. Stock
With 13 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 162 € shows a slightly positive potential of 19.01% compared to the current price of 136.12 € for United Parcel Service Inc..
