CVS - Is This Beaten-Down Dividend Stock a Buy?
2024-04-27 11:50:00 ET
Dividend stocks are often in high demand due to the passive income they provide and their ability to deliver superior returns over long periods. So finding excellent income stocks to buy on the dip is a dream come true for many investors -- but only if the company in question has what it takes to rebound.
Is that the case for CVS Health (NYSE: CVS) ? The healthcare giant has lagged the market over the past year. Keep reading to discover whether there are better days ahead for the pharmacy chain.
CVS Health has faced multiple headwinds over the past 18 months. First, the company isn't generating as much revenue from coronavirus vaccines as it once did. It's suffering the same fate as many other corporations in this market. And there's more.
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Is This Beaten-Down Dividend Stock a Buy?