GRMN - If You Like Dividends You Should Love These 3 Stocks
2024-01-13 16:33:00 ET
Given the state of the economy at the moment, it is understandable that dividend stocks would be among the most popular investments around. You don't give up the chance for long-term capital appreciation by owning them, but you also get immediate passive income from their steady quarterly payouts. Dividend stocks tend to be financially stronger, too, because their management teams have an extra incentive to maintain positive -- and growing -- earnings each year. These characteristics can be quite appealing in times of economic uncertainty.
Not all dividend stocks are worth having in your income portfolio, though. There's a mix of winners and losers in this investment niche that's similar to what you might find in any other area of the market. With that in mind, let's look at three standout options that are attractively priced today.
Garmin (NYSE: GRMN) is a tech company focused on sales growth, but it still pays a solid dividend that currently yields over 2%. The GPS device specialist is putting up excellent operating results as well. Revenue in the third quarter was up a healthy 12% year over year as four of its five major segments set sales records. This performance showed off the power of Garmin's diverse revenue streams, too, as gains in areas like fitness trackers and smartwatches offset weaker growth in the marine and aviation divisions.
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If You Like Dividends, You Should Love These 3 Stocks