April was a challenging month for the market, with the S&P 500 index dropping 4% and erasing some of its recent gains. Despite this volatility, long-term investors see opportunities to buy quality dividend stocks at a discount.
1. Procter & Gamble (NYSE: PG) has seen modest stock growth compared to the wider market, but the consumer staples giant continues to perform well. In the fiscal third quarter, P&G reported a 3% increase in organic sales, outperforming competitors like Kimberly Clark. The company also raised its short-term earnings outlook and plans to deliver $15 billion to shareholders through dividends and stock buybacks in 2024.
2. Walmart (NYSE: WMT) has shown strong operating results, with rising margins and cash flow. The company’s push into e-commerce and digital advertising is driving sales and earnings growth. With a recently hiked dividend and a promising outlook, Walmart offers long-term returns for patient shareholders.
3. Coca-Cola (NYSE: KO) is a high-yielding dividend stock on the Dow, with a 3% payout to shareholders. Despite concerns about growth deceleration, the beverage giant has strong sales growth supported by price increases. Investors can capitalize on Coke’s growth potential and attractive valuation.
Overall, these three dividend stocks present compelling opportunities for investors looking to capitalize on market volatility and secure long-term returns.