SKT - 3 Dividend Stocks That Are Dirt Cheap Right Now
The S&P 500 remains in bear market territory, with the benchmark index down more than 20% so far in 2022, and few areas of the market have been spared. Even some of the most rock-solid dividend stocks have been beaten down, despite strong business performance and lots of long-term growth potential.
Here are three dividend stocks that are down by at least 35% from their recent highs and look like bargains for patient long-term investors.
Tanger Factory Outlet Centers (NYSE: SKT) owns and operates a portfolio of 36 outlet centers in the United States and Canada. Most are located in large metropolitan areas or tourism destinations in the eastern United States. In the downturn, Tanger has fallen about 35% from its highs and now yields 5.4%.
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3 Dividend Stocks That Are Dirt Cheap Right Now