Near 52-Week Lows, These Beaten-Down Dividend Stocks Look Like Bargains
The stock market has been steadily heading lower for most of the year. Because of that, many stocks are currently at or near their 52-week lows. One of the benefits of those lower share prices is that yields on dividend-paying stocks have risen to their highest levels in quite some time.
Three dividend stocks that have taken a beating this year are 3M (NYSE: MMM), Intel (NASDAQ: INTC), and Verizon (NYSE: VZ). That makes them look like bargain buys for income seekers these days.
Shares of 3M have tumbled more than 25% this year. That sell-off has pushed the industrial giant's dividend yield up to 4.6%. That's near its highest level this decade.
Source Fool.com