This 4.8% Dividend Dog Has 31% Upside Potential
March 20, 2024 at 05:00 AM EDT
Last month, this company cut its dividend by 48%. Five days later, its ticker was booted out of the Dow Jones Industrial Average (DJIA). Vanilla investors fled the stock. Nonconformists like us, on the other hand, started to pay attention. When there’s nobody left to love a dividend dog, we consider adoption. The payout was slashed 48%. This stock is 71% off its all-time highs. The Dow doesn’t love it any longer. Sign us up for the stock that sounds like an old-time country music song, “The Ticker That’s Lost Everything.” We’ll give the herd their Nvidia (NVDA) at 36-times sales.… Read more