O - 3 No-Brainer Dividend Stocks to Buy Right Now
2024-07-20 09:10:00 ET
Investors who are looking to boost their passive income have come to the right place. There are several solid companies trading at reasonable valuations and offering above-average dividend yields right now. Here's why three Motley Fool contributors like Kraft Heinz (NASDAQ: KHC) , Home Depot (NYSE: HD) , and Realty Income (NYSE: O) .
John Ballard (Kraft Heinz): The high inflation environment over the last few years has weighed on Kraft Heinz sales and stock performance. The stock recently was down 14% over the last three years, but it could be a great value, as evidenced by its high dividend yield .
Besides owning the Kraft and Heinz brands, it owns several others, including Philadelphia, Lunchables, Jell-O, Maxwell House, Oscar Mayer, and Velveeta. These are valuable brands that give Kraft Heinz a lot of opportunity to drive long-term growth from new products and marketing. But the weak consumer spending environment has caused lower-income families to shift their spending toward value-oriented products on the grocery shelf.
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3 No-Brainer Dividend Stocks to Buy Right Now