INVH - 3 Stocks to Buy Before They Start Paying Dividends Again
Dividends are back in the spotlight now that money market funds are yielding practically the same as the money you're stashing under your mattress. Even growth investors are starting to warm up to some income-producing stocks, but what about some of the names that have fallen since suspending their quarterly distributions?
Front Yard Residential (NYSE: RESI), Tanger Factory Outlet Centers (NYSE: SKT), and Six Flags Entertainment (NYSE: SIX) are three companies that stopped paying out dividends when we hit the COVID-19 crisis earlier this year. All three stocks are trading sharply lower in 2020, in large part because the payouts have been nixed. All but one of them have also suffered big hits to their actual businesses, but with the economy showing signs of bouncing back, it may not be long before the distributions return. The yields will be pretty high if they can return to their previous dividend rates given the much lower stock prices. Let's size up all three investments and go over what they would be yielding if they were still sticking to their last standard quarterly disbursements.
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