These stocks all yield more than 3%.
Dividend stocks have been underperforming due to high interest rates, making them less appealing to investors. However, this presents an opportunity for long-term investors to purchase solid dividend stocks at low prices. Bristol Myers Squibb, Cisco Systems, and Starbucks are high-yielding stocks trading near their 52-week lows that may be worth considering for your portfolio.
Bristol Myers Squibb has seen a significant decline in its stock price this year, mainly due to high debt and looming patent expirations. Despite these challenges, the company has a plan in place to generate new revenue from its product portfolio. With a dividend yield of 6%, Bristol Myers Squibb could be a valuable income stock for investors.
Cisco Systems has also experienced a drop in its stock price, although its business remains strong. As companies upgrade their computing capabilities and networks, Cisco is poised to benefit from increased revenue. With a dividend yield of 3.5%, Cisco could be a promising income and growth stock for the long term.
Starbucks has faced a 24% decline in its stock price this year, as investors worry about its slowing growth. However, the company has plans to add new locations and drive future growth. With a dividend yield of over 3%, Starbucks could still be a good growth stock for long-term investors.
Overall, these stocks offer attractive yields and potential for growth, making them worth considering for your investment portfolio. It’s important to note that the author has no position in these stocks, but The Motley Fool recommends and has positions in Bristol Myers Squibb, Cisco Systems, and Starbucks.