#4 - Newell Brands (NASDAQ:NWL)
Another strategy for choosing dividend stocks is to get defensive. That’s an argument for buying Newell (NASDAQ:NWL) stock. The company operates in the consumer goods sector and is home to some of the country’s most recognizable and beloved brands. More importantly, it sells products that show consistent demand regardless of prevailing market conditions.
In the company’s most recent earnings report, the company posted 4% year-over-year (YOY) revenue growth and an even more impressive 20% YOY growth in earnings. And while many stocks are dealing with double-digit declines in their stock prices, NWL stock is essentially flat for the year. A total of 17 analysts give the stock an upside of over 44% from its current level. And even though Raymond James lowered its price target in April, it maintained a Strong Buy rating for Newell.
The company pays a consistent dividend with a dividend yield that is currently over 4% and nearly double the sector average.
About Newell Brands
Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.
Read More - Current Price
- $10.02
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 7 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $10.00 (0.2% Downside)
