3 High-Yielding Dividend Stocks Near Their 52-Week Lows
When dividend stocks are down, income investors should take note. That's because when share prices fall, yields rise. And if the business in question is still in good shape, that could create an attractive buying opportunity for investors to secure higher-than-normal yields. Three such dividend stocks that are on sale right now are Johnson Johnson (NYSE: JNJ), Bank of America (NYSE: BAC), and Target (NYSE: TGT). But are they actually good buys?
It's been a tough year for Johnson Johnson. Its shares have underperformed the market significantly and are down 14% since January -- and that still leaves it the best performer among this trio. The healthcare stock should be in much better shape. Johnson Johnson spun off its consumer health business earlier this year so it could focus more on the higher-growth segments of its business. And a return to normal in the healthcare industry should have given business a boost.
Earlier this month, the company released its third-quarter earnings results. Revenue grew at a rate of 7% year over year to $21.4 billion, and earnings per share (EPS) rose 4.3% to $1.69.
Source Fool.com
