3 High-Yield Stocks Near Their 52-Week Lows That Dividend Income Investors Are Sleeping On
These industry leaders are now offering tempting yields.
Overview
While the S&P 500 is yielding about 1%, Hershey (NYSE: HSY), McDonald's (NYSE: MCD), and NetEase (NASDAQ: NTES) are trading near their 52-week lows. The market has soured on each stock for different reasons, yet these companies continue to distribute a portion of earnings to shareholders as dividends. Investors willing to look past the near-term noise can take advantage of the dip to lock in higher yields ranging from 1.7% to 3.4% from these industry-leading businesses.
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Higher cocoa prices have pressured Hershey's costs and margins, helping push the stock down 11% over the past year. Shares now trade around $168, close to their 52-week low of $161.43. Even so, Hershey recently declared a $1.452 quarterly dividend, or $5.808 annualized. That translates to a forward yield of about 3.45% -- more than triple the S&P 500's average.
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Originally published at www.fool.com.