5 Battered Dividend Stocks to Buy Now

Recent setbacks make these high-yielding stocks attractive

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5 Battered Dividend Stocks to Buy Now

Chevron (CVX)

ChevronLogo 5 Battered Dividend Stocks to Buy NowChevron (CVX) is down 9% since Dec. 27. CVX stock has a current dividend yield of 3.5% and is trading at a fairly cheap 10 times forward earnings. CVX stock has gained ground this week despite an explosion at a fracking well in Pennsylvania on Tuesday — and the questionable PR tactic of offering free pizza to residents living near the site.

Still, fracking provides a significant opportunity for CVX, particularly when artificially low natural gas prices begin to rise. Although Chevron’s earnings over the past couple of years have been lackluster, those struggled have been more than priced in and the stock is poised to move. That puts CVX stock on the list of dividend stocks to buy now.


Article printed from InvestorPlace Media, http://investorplace.com/2014/02/5-battered-dividend-stocks-buy-now/.

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