#6 - Big 5 Sporting Goods (NASDAQ:BGFV)
Another cheap dividend stock that recently cut its dividend is Big 5 Sporting Goods (NASDAQ: BGFV). The cautious note for investors is that Big 5 didn't just cut its dividend once but twice. Investors will get a chance to see how the cuts are impacting the bottom line when the company reports earnings in May.
That allows investors to focus on the company's dividend yield, which is over 5% and a balance sheet with no debt and the ability to invest in growth, including several planned new store openings even as it closes others. It also includes enhancing its e-commerce business. The company is behind its competitors in this regard. But this is an area where it can catch up quickly.
Down 56% in the last 12 months, BGFV stock is now trading as a penny stock at just $3.41. However, the stock is likely at a level where it's so sold off there's nowhere to go but up.
About Big 5 Sporting Goods
Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. Its products include athletic shoes, apparel, and accessories. The company also offers a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and winter and summer recreation, as well as home recreation.
Read More - Current Price
- $2.02
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
