2 Beaten-Down Dividend Stocks That Are Now Yielding 5%
If you're a dividend investor, there are two stocks you'll want to check out right now. Shares of Gilead Sciences (NASDAQ: GILD) and Best Buy (NYSE: BBY) have fallen more than 19% this year. And when dividend stocks fall, that means their yields climb.
Both of these stocks are now paying around 5% annually in dividends. By comparison, you're getting around just 1.4% with the average stock in the S&P 500. Are these dividend stocks potential steals right now, or should you be worried about a possible cut to their above-average payouts?
Gilead's 19% year-to-date decline has actually been modest, compared to the S&P 500, which is down 23% over the same time frame. However, it's still a drop in Gilead's share price. And without a change to Gilead's quarterly dividend payment of $0.73, its yield is now 5%. That means on a $20,000 investment, you could be collecting $1,000 per year in dividends, or $250 every three months.
Source Fool.com
