![]() The DJIA is a leading benchmark for the largest blue-chip stocks in the U.S. Like the S&P 500, the DJIA is often used to track the overall performance of the entire stock market. On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.The Dow Jones Industrial Average-also known as the DJIA, or simply the Dow-is a stock market index that tracks the share prices of 30 of the largest U.S. While they wait, shareholders can enjoy one of the highest dividend yields around. This all makes for a good buying opportunity among investors who have the patience to stay with the energy producer until its share price recovers. Also, Devon Energy’s stock is now hovering near a 52-week low. The company’s price-earnings (P/E) ratio currently sits at 5, which is well below the average P/E ratio of 22 among companies listed on the S&P 500. ![]() Year to date, DVN stock is down nearly 20%. crude oil prices have fallen from a peak of $122 a barrel in June 2022 to under $70 today, Devon Energy’s share price has been dragged lower. DVN stock also looks undervalued right now. That’s about as generous a payout as investors are likely to find in a solid, well-run company. However, Devon still pays a quarterly dividend of $1.13 a share, which gives it a yield of nearly 10%. ![]() oil company Devon Energy (NYSE: DVN) has cut its dividend payment twice this year, decisions that have angered shareholders. Nevertheless, Carl Icahn has, so far, refused to lower the dividend payment. But the damage appears to be done to the stock price as well as the reputation of Icahn Enterprises. As one would expect, Carl Icahn has come out swinging at the Hindenburg report. In May, Hindenburg accused Carl Icahn of operating a de facto Ponzi Scheme, by using new investor money to pay a dividend set at unsustainable levels. Of course, there is a “but” to all of this, which would be a critical report on Icahn Enterprises by infamous short seller Hindenburg Research. ![]() Investors who buy $10,000 worth of Icahn Enterprises stock today get themselves a quarterly dividend payout of $716. The holding company’s investors clamor for the stock’s $2 a share quarterly payout. With a dividend yield of 29%, the highest among stocks in the S&P 500 index, it’s safe to say that IEP is a high-yield stock. Long-term, Walgreens should be fine.ĭown 47% on the year and a share price cut in half since May 1, there’s no question that Icahn Enterprises (NASDAQ: IEP) stock is undervalued. While the earnings print was disappointing, it was the first time the company has missed analysts’ consensus expectations in three years (since July 2020). Walgreens most recent earnings were hampered by a slowdown in consumer spending and declining sales of medications and treatments related to Covid-19. Long-term investors who want to buy low, eventually sell high, and then generate income while they wait for a stock to recover, should consider taking a position in WBA stock. Following its latest earnings report and guidance, both of which missed Wall Street consensus forecasts, WBA stock is down 24% year to date and sitting at a 52-week low. Walgreens currently pays a quarterly dividend of 48 cents a share, which gives it a dividend yield of 6.76%. Although it just got clobbered following its latest earnings print, there’s no denying that retail pharmacy chain Walgreens Boots Alliance (NYSE: WBA) is an undervalued, high-yield stock. ![]()
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