Dividend Stocks Trading Near 52-Week Lows Present Opportunities
The article discusses three dividend stocks that are trading near their 52-week lows. These include Kroger, Duke Energy, and McDonald's, which offer yields ranging from 2.6% to 3.5%. The stocks have experienced solid single-digit growth in recent quarters, with Kroger's sales increasing slightly from $45.1 billion to $46.1 billion in the first quarter.
Kroger is trading at around $64 per share, down about 9% this year and near its 52-week low of $54.15. The company's stock has been beaten down due to a lack of excitement among investors, who are more focused on tech stocks with opportunities in artificial intelligence.
Duke Energy is another attractive option for income investors, yielding 3.5%. The energy company provides essential gas and electric services to millions of customers across the country. Its operating revenue showed minimal growth from $7.5 billion to just under $7.6 billion in its most recent quarter.