3 Dividend Stocks to Buy on Sale
Veteran investors know it can be lucrative to buy stock in great companies that have fallen out of favor with the market. It's admittedly hard to find stocks like this that investors are completely mispricing, but they are out there. It helps to focus your search on companies with long-term growth catalysts that are dealing with short-term challenges.
Here are three dividend stocks that all have the potential to reward investors once they have navigated their current issues.
Citizens Financial Group (NYSE: CFG) is a regional bank whose stock tumbled along with the rest of its peers during the banking sector crisis earlier this year. Rising interest rates and volatile macroeconomic conditions threatened some smaller financial institutions whose balance sheets indicated heavy customer concentration in specific sectors (like tech). The crisis led to a couple of high-profile failures, including SVB Financial's Silicon Valley Bank. Contagion fears then created serious issues for the entire banking sector, both operationally and in the stock market.
Source Fool.com
