3 High-Yielding Dividend Stocks Near Their 52-Week Lows
Dividend stocks can be great buys, especially when they're trading near their 52-week lows and their businesses are still in solid shape. In the current bear market, investors have been fearful of investing, even in quality stocks. But that can be your opportunity to take advantage of some great opportunities.
Medtronic (NYSE: MDT), Southern Company (NYSE: SO), and Public Storage (NYSE: PSA) are three stocks that yield more than the S&P 500 average of 1.7%, and they are trading near their lows. Here's why you should consider buying shares of these businesses today.
Medtronic is one of the world's top medical device makers, producing insulin pumps, cardiac monitors, and many other devices. However, it has been struggling to generate growth of late due to the disruption that the pandemic has caused hospitals. When the company reported its latest earnings numbers on Nov. 22, sales of $7.6 billion for the period ended Oct. 28 were down 3% year over year. While the company did suffer a negative $457 million impact due to foreign currency, it also blamed the poor performance on "lower than anticipated underlying market procedure volumes in certain businesses."
Source Fool.com
