3 High-Yield Dividend Stocks Near Their 52-Week Lows That Income Investors Are Sleeping On
These stocks yielding 5% or more have become oversold on overdone bearishness.
Overview
The S&P 500 may still be hitting new highs, but some stocks, including a few high-yield dividend stocks, have recently hit new lows. For these stocks, investors have soured on their long-term prospects. They expect them to wind up as "yield traps" or "value traps," where the stock's high yield proves fleeting or potential losses outweigh gains from their quarterly cash payouts.
Some of these stocks deserve these labels, but there are a handful where the market has arguably gone overboard with bearishness: Crown Castle (NYSE: CCI), Gaming & Leisure Properties (NASDAQ: GLPI), and Smithfield Foods (NASDAQ: SFD). Here's why.
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Originally published at www.fool.com.