2024-07-08 08:15:00 ET
This year has been a great one for the broader indexes like the S&P 500 and the Nasdaq Composite , which have been driven higher by outsize gains in megacap growth stocks . But other pockets of the market have done fairly poorly, like industry-leading dividend payers whose consistency and stability shine in a downturn but are getting overlooked in today's market.
PepsiCo (NASDAQ: PEP) , Deere (NYSE: DE) , and Chevron (NYSE: CVX) stand out as three dividend stocks that have been underperforming the S&P 500 but look like excellent buys now. Here's why.
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For further details see:
I Have High Hopes for These 3 Dirt-Cheap Dividend Stocks in the Second Half of 2024 (and Beyond)