These longtime dividend growers still have a boatload of fundamental quality. Expect them to flip the switch over the rest of 2017.
The year 2016 was marked by geopolitical unrest, volatile
commodity prices and strong currency fluctuations, which resulted in many
companies underperforming the S&P 500 over the past year. However, a number
of Dividend Aristocrats that trailed the market over the past year are still
excellent businesses that are only temporarily out of favor.
Dividend Aristocrats are S&P 500 companies that have
raised their dividends for at least 25 years.
Today, we’re looking at 10 Dividend Aristocrats that have a
favorable long-term outlook despite trailing the S&P 500’s return by at
least 10% over the past year. In fact, nine of these 10 stocks have seen their
stock prices decline while the S&P 500 has gained more than 15%. But we
believe this recent underperformance and declines have made them “buy the dip”
opportunities for long-term dividend growth investors.
Some of these companies are in our list of the best high
dividend stocks, and all of them still have a lot of fundamental strength
to offer. We expect each one of these to flip from underperformance to
outperformance over the next year.
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