PFE - 2 Beaten-Down Dividend Stocks With Yields Above 5% to Buy Now and Hold at Least a Decade
2024-06-27 04:37:00 ET
The benchmark S&P 500 index is up an exciting 25.8% over the past year, but many of its components haven't participated in the gains. Nvidia and other members of the " Magnificent Seven " have been hogging all the attention.
While the most popular stocks rose to new heights, Pfizer (NYSE: PFE) and Realty Income (NYSE: O) fell a long way despite steadily rising dividend payouts. Both stocks have fallen far enough that they offer eye-popping yields above 5% at recent prices. Read on to see how scooping them up on the dips and holding them over the long run could boost your passive-income stream.
Pfizer stock soared on the back of Comirnaty, its COVID-19 vaccine, and Paxlovid, an antiviral treatment. The stock has fallen about 24% over the past 12 months because sales of these two products fell much faster than expected.
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2 Beaten-Down Dividend Stocks With Yields Above 5% to Buy Now and Hold at Least a Decade