Is It Time to Buy the Dow's Worst-Performing Dividend Giants?

is it time to buy the dows worst performing dividend giants

Sumary of Is It Time to Buy the Dow's Worst-Performing Dividend Giants?:

  • So, let’s look at whether a few of the Dow’s worst-performing members so far in 2021 — Walmart (NYSE:WMT), Verizon Communications (NYSE:VZ), and Procter &
  • Sure, growth will slow in the wake of the pandemic that pushed spending into areas like groceries and home supplies.
  • Those initiatives might pressure earnings and reduce direct shareholder returns like stock buybacks.
  • Verizon Communications is a Buffett favorite Wall Street has left Verizon out of this rally in favor of tech giants like Microsoft and Cisco Systems.
  • Verizon recently reported accelerating sales growth and affirmed its bullish outlook for 2021. Sure, the expected 4% sales uptick this year looks meager compared to some of the sales numbers being generated by tech companies like Apple.
  • But Verizon’s 5G push is laying the groundwork for many more years of user growth across its network.
  • The consumer staples giant proved in its April earnings report that it can keep growing as consumers return to more-normal spending patterns.
  • Organic sales rose 4% as P&G gained market share in attractive global categories like beauty products and laundry care.

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