3 Dividend Stocks to Double Up on Right Now
Here are three iconic brands that pay dividends as they strive to recover from recent stock declines.
Even the most iconic brands encounter rough patches, and right now, a few with long-standing dividend legacies are doing just that. These companies have been pillars of the American business landscape for generations, and their management teams have long been committed to returning capital to shareholders.
Although recent challenges have weighed on their stock prices, their brands continue demonstrating staying power, offering investors a chance to pick up blue chip stocks at more attractive valuations. Here are three that stand out.
Investors may not be familiar with parent company Kontoor Brands (NYSE: KTB), but you would undoubtedly know its subsidiaries, Wrangler and Lee. Kontoor was spun off from VF Corporation in 2019 and has raised its dividend each year since 2021. Currently, the company pays a quarterly dividend of $0.52 per share, translating to a higher-than-average annual yield of 2.9%.
