Down Between 29% and 51%: 3 Dividend Aristocrats That Are Too Cheap to Ignore
During market downturns, investors naturally gravitate toward reliable companies that they can count on to outlast a challenging time and foster long-term growth. A great place to look for opportunities is the coveted list of Dividend Aristocrats, which are S&P 500 components that have paid and raised their dividends for at least 25 consecutive years.
A multi-decade track record of dividend raises usually coincides with a strong balance sheet and earnings growth -- which are two core ingredients for an effective, long-term investment. Yet even Dividend Aristocrats can go on sale during a bear market.
Target (NYSE: TGT), 3M (NYSE: MMM), and A.O. Smith (NYSE: AOS) are down big off their highs. But there's reason to believe that each company is a great value now.
Source Fool.com
