Progressive is a strong buy due to its flexible dividend policy, including substantial special dividends, consistent revenue and net income growth, and a solid balance sheet with low debt.
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4 Dividend Stocks to BUY Now! 💰 (all 3%+ yields)
The creator discusses four dividend stocks that he believes are good buying opportunities, highlighting their dividend yields, stock price appreciation potential, and financial health. He provides specific numbers and analysis for each stock, including AbbVie, CareTrust REIT, a regulated utility (likely Southern Company based on context), and Progressive.
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Tickers discussed in this post
Southern Company, a regulated utility, is recommended for its 3.2% dividend yield and potential for similar stock price appreciation, benefiting from increased electricity demand due to data centers.
CareTrust REIT is a compelling investment with a 3.8% dividend yield, strong revenue growth, and exceptionally low leverage (0.7x Debt/EBITDA), making it one of the most under-leveraged REITs.
AbbVie is a buy due to its 3.4% dividend yield, potential for 3-4% annual stock price appreciation, and strong revenue growth in its key prescriptions despite recent news of competition.