My Top Wildly Undervalued Dividend King to Buy In 2023
Stanley Black & Decker (NYSE: SWK) stock is down a brutal 63% from its all-time high (reached in the spring of 2021). The sharp drawdown has been the worst sell-off for the blue-chip dividend stock since the 1970s. And Stanley Black & Decker is a far more reputable and established company today. In fact, it's a Dividend King, which is an S&P 500 component that has paid and raised its dividend for at least 50 consecutive years.
It's rare for a Dividend King to see a drawdown this far and this fast. And while there are good reasons for the sell-off, there's also an argument that Stanley Black & Decker stock is wildly undervalued and could be a powerful passive income source for 2023 and beyond.
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Source Fool.com
