3 Dividend Stocks You Haven't Thought Of
What do wearables, car parts, and fertilizer have in common? According to our Motley Fool investors, dividend-paying stocks serving those three markets offer compelling reasons why investors should be buying shares. Their top under-the-radar dividend stock picks are Garmin (NASDAQ: GRMN), Genuine Parts (NYSE: GPC), and The Scotts Miracle-Gro Company (NYSE: SMG).
Demitri Kalogeropoulos (Garmin): Garmin is one of just a few dividend stocks in the S&P 500 that currently pay a yield above 4%. Yet the shares are trailing the market this year as many investors steer clear of the GPS device specialist.
Sure, the product category it was once best known for, automotive GPS navigators, is shrinking now that the functionality comes embedded for free in most smartphones. But Garmin's portfolio can take the hit. After all, the company overcame a 17% decline in its automotive segment last year with help from soaring growth in the wearable fitness category. All told, it posted a 7% sales increase in 2016 as gross profitability expanded by more than a full percentage point to 55.6% of sales.
Source: Fool.com
Genuine Parts Corp Stock
Genuine Parts Corp is currently one of the favorites of our community with 8 Buy predictions and no Sell predictions.
As a result the target price of 151 € shows a positive potential of 22.66% compared to the current price of 123.1 € for Genuine Parts Corp.
