LNC - Is Now the Time to Buy This Cheap 6%-Yielding Dividend Stock Down 55% Since 2022?
2024-04-10 04:46:00 ET
The stock market is on a great run, with the S&P 500 trading around all-time highs and up 53% since the bull market began in October 2022.
However, it hasn't been smooth sailing for all stocks. Lincoln National Corporation (NYSE: LNC) is one beaten-down dividend stock selling at a bargain-bin price. Although the stock is up 48% in the last year, it remains 55% below its all-time high price as the company progresses in improving its financial position. Here's why this stock could be an excellent value-stock investment opportunity.
Lincoln National provides insurance and retirement planning through various products, including annuities, life insurance, group non-medical insurance, and defined contribution plans.
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Is Now the Time to Buy This Cheap, 6%-Yielding Dividend Stock Down 55% Since 2022?