Three dividend-paying stocks have experienced significant declines between 23% and 30% this year, presenting potential long-term investment opportunities. Pool Corp. (NASDAQ: POOL) has dropped 30% due to a slowing housing market and high interest rates, but its maintenance and repair business remains strong. The company's Pool360 program contributed over 17% of its second-quarter revenue, with net sales up 2% year-over-year.
International Business Machines (NYSE: IBM) is down 25% after a challenging second quarter impacted by delays in memory and storage deals. Despite a 1.1% revenue increase to $17.16 billion, the company missed earnings expectations. IBM's dividend yield stands at 3%, making it an attractive option for income-focused investors.
McDonald's (NYSE: MCD) has seen a 23% decline amid sluggish sales growth. The company is investing $8.5 billion in an overhaul that includes AI-powered tools and kitchen upgrades. McDonald's offers a 3.3% dividend yield, providing a reliable income stream for shareholders.
While these stocks are currently undervalued, investors should consider the long-term potential of these well-established companies before making any decisions.