UL - The Best Dividend Stocks to Buy Right Now Could be Hiding in Plain Sight
2023-11-23 07:15:00 ET
Consumer staples makers sell products you use every day, like food, candy, cleaning supplies, and deodorant. You buy these products in good markets and bad ones, and so does everyone else. But concerns about near-term margin pressures, and some company-specific issues, have left shares of Hershey (NYSE: HSY) , Hormel (NYSE: HRL) , and Unilever (NYSE: UL) well off of their respective 52-week highs.
Here's why you might want to buy these dividend stocks today, all of which can be found in plain sight in your grocery store.
One of the big concerns around Hershey today is the potential impact of weight-loss drugs. It seems unlikely that the candy that underpins Hershey's business will suddenly stop being eaten. And yet the stock is down nearly 30% from its 52-week high and the yield is up to 2.4%, which is fairly attractive, historically speaking.
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The Best Dividend Stocks to Buy Right Now Could be Hiding in Plain Sight