WHR - 3 Dividend Stocks That Could Soar in 2024
2024-01-02 05:06:00 ET
If you like dividends, then you'll be interested in investing in UPS (NYSE: UPS) , building products company Johnson Controls (NYSE: JCI) , and home appliances company Whirlpool (NYSE: WHR) . Their average dividend yield is 4.1%, and they are attractive stocks to buy. However, they are value stocks for a reason, and it makes sense to explore that reason before buying in.
Yielding 4.1%, UPS is coming off of a difficult 2023. Delivery volumes have failed to meet expectations due to a weakening economy and protracted labor negotiations, leading customers to divert traffic to other networks. As a result, UPS will miss the earnings expectations management laid out at the start of the year.
It's been a disappointing year, and as FedEx's recent commentary attests , it's still a weak environment, so don't be surprised if there's more pressure on delivery volumes in the first half of 2024.
For further details see:
3 Dividend Stocks That Could Soar in 2024