UL - 1 Magnificent Dividend Stock Down 27% to Buy Right Now Near a Once-in-a-Decade Valuation
2024-04-14 03:45:00 ET
Unilever (NYSE: UL) is a consumer goods juggernaut that owns some of the world's most recognizable brands, including Dove, Axe, Vaseline, Knorr, and Ben & Jerry's. With this arsenal of popular items across the consumer staples industry, the company is a perfect example of a bedrock stock that can be the cornerstone of any portfolio.
With a beta of 0.45, Unilever is a more stable stock than the market. However, despite being viewed as a flight to safety investment, Unilever could provide investors with market-beating total returns over the next decade.
This stock is down 27% from its all-time highs, trading at a once-in-a-decade valuation, and paying a hefty (but safe) 3.9% dividend yield. Here's why Unilever looks like a buy right now.
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1 Magnificent Dividend Stock Down 27% to Buy Right Now Near a Once-in-a-Decade Valuation