KHC - Is Kraft Heinz a Top Dividend Stock to Buy Now?
2023-06-27 06:50:00 ET
Shares of packaged-food giant Kraft Heinz (NASDAQ: KHC) have gone almost nowhere in the past four years. What's more, the stock is well below its all-time high. Trading around $36 per share, Kraft Heinz is down about 63% since peaking back in early 2017.
One benefit of this beaten-down stock price for investors thinking about buying shares of Kraft Heinz is a high dividend yield. Based on the most recent quarterly dividend payment of $0.40 per share, Kraft Heinz stock currently yields about 4.5%. That's nearly triple the dividend yield of the S&P 500 .
Before you jump aboard the Kraft Heinz train for that sky-high dividend yield, there are a few things to consider.
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Is Kraft Heinz a Top Dividend Stock to Buy Now?