BCE - Got $5000? These 3 High-Yielding Dividend Stocks Are Trading Near Their 52-Week Lows
2024-04-05 08:30:00 ET
If you buy a dividend stock that's trading at a reduced price, it gives you the opportunity to take advantage of a higher-than-normal yield, and the chance to profit from a gain should the stock bounce back and recover in value. This is why loading up on dividend stocks after they have slumped, provided their businesses are still in good shape, can be a great move for long-term investors.
Three stocks that are not only paying high yields but are also trading near their 52-week lows today are Starbucks (NASDAQ: SBUX) , BCE (NYSE: BCE) , and Gilead Sciences (NASDAQ: GILD) . Here's why investing $5,000 into these stocks could make a lot of sense for income investors right now.
Starbucks has developed an excellent brand over the years. Its iconic coffee shops are able to command premium prices over rivals. That has enabled it to generate great margins and post strong results. Starbucks has shown versatility amid inflation and even as wages have been rising. It also has a growing presence around the world.
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Got $5,000? These 3 High-Yielding Dividend Stocks Are Trading Near Their 52-Week Lows