This dividend growth stock has gotten punished so intensely this year. The stock is down almost 50%, with the dividend yield swelling over 6%, really packing a passive income punch.
Why do dividends matter? Dividends are one of the best passive income sources. Dividend investing increases your passive income, as you reach financial freedom!
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On today’s video, we go over the most beaten stock this year.
Revenues spiked from 2020-2022.
2023 - not so much, down significantly.
2024 projections are out and they do not look much better at this tme.
However, management is on a tremendous cost cutting program, where they are looking to slash billions of dollars in expenses.
Further, this dividend stock now yields over 6% and based on projected adjusted EPS, the dividend still looks safe.
Lastly, they JUST increased their dividend by just over 2%.
Check out the video and let us know what you think of this dividend stock. Would you buy it on your financial freedom journey? Are you buying this stock right now to add to your passive income journey?
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By: Dividend Diplomats Title: STOCK is DOWN 48%...! More PAIN ahead? OR... is this a Come BACK Story for Passive Income Investors? Sourced From: www.youtube.com/watch?v=IrJNUQvdHRM
