3 High-Yielding Dividend Stocks That Are Near Their 52-Week Lows
Do you want to lock in a high-yielding dividend stock? You might consider those that are struggling and near their 52-week lows. While stock prices typically drop because of problems with the underlying business, those issues can often prove temporary. And if you buy a stock at that depressed price and its payout remains intact, you can continue to benefit from that higher-than-typical dividend yield.
Three stocks trading near their 52-week lows right now and provide shareholders with a high yield are Medtronic (NYSE: MDT), Enbridge (NYSE: ENB), and AT (NYSE: T). Here's why these stocks might be worth buying today.
Medical device maker Medtronic hasn't made for an exciting investment this year. Up just 5% since January, it remains near its 52-week low of $75.77. The drop in share price has boosted its dividend yield, which now sits at 3.5% -- more than double the S 500 average of 1.6%. The company has an impressive track record of increasing its dividend payments for 46 consecutive years, and it looks to be on track to become a Dividend King in the future.
Source Fool.com
Medtronic plc Stock
We see a rather positive sentiment for Medtronic plc with 6 Buy predictions and 2 Sell predictions.
With a target price of 91 € there is a positive potential of 23.17% for Medtronic plc compared to the current price of 73.88 €.
