3 Dividend Stocks That Recently Hit 52-Highs to Buy in June
Many investors avoid stocks at 52-week highs, but Coca-Cola, TJX, and Marriott show how strong businesses with growing dividends can keep rewarding shareholders long after setting new records.
3 Dividend Stocks That Recently Hit 52-Highs to Buy in June
Overview
There is a reflex in investing that I find hard to shake: When a stock hits a 52-week high, it feels expensive. The logic seems obvious: The price is up, so you missed it, and you wait for a pullback.
But that logic breaks down when you are looking at strong, longer-term companies with durable competitive positions and growing dividends, because a 52-week high often reflects the business getting better, not just the stock getting more crowded.
Details
Strong companies set new highs the same way they do most things -- by earning it. Three dividend payers are at or near 52-week highs right now. All three just declared dividends. Just because these tickers are near 52-week highs doesn't mean any of them feel done.
Source
Originally published at www.fool.com.
