BIPC - Holiday Sale: These 3 Dividend Stocks Are Bargain Buys This Holiday Season
2023-12-24 10:32:00 ET
The stock market has been scorching hot in 2023. The S&P 500 has gained nearly 25% on the year, while the tech-heavy Nasdaq has zoomed more than 40%. That means bargains are few and far between these days.
However, the market did mark down a few high-quality stocks this year. Brookfield Infrastructure (NYSE: BIPC) (NYSE: BIP) , Kinder Morgan (NYSE: KMI) , and Stag Industrial (NYSE: STAG) have underperformed and now trade at bargain prices and higher dividend yields. Those attractive payouts will provide their investors with the gift of recurring income in 2024 and beyond.
Shares of Brookfield Infrastructure are roughly flat this year. It has gotten significantly cheaper, considering its funds from operations ( FFO ) are on track to rise by more than 10% per share to around $3.00. With shares recently trading hands at about $36 apiece, Brookfield sells for roughly 12 times FFO. That's a bargain compared to the broader market. The S&P 500 trades at over 21 times earnings while the Nasdaq fetches more than 28 times earnings.
For further details see:
Holiday Sale: These 3 Dividend Stocks Are Bargain Buys This Holiday Season