Three high-yielding dividend stocks near 52-week lows: Bristol Myers Squibb, Cisco Systems, Starbucks.

From Nasdaq: 2024-07-13 08:15:00

1. Bristol Myers Squibb: Despite falling 21% this year, Bristol Myers offers a 6% dividend yield, trading near a 52-week low. Debt concerns and patent losses have impacted the stock. However, with potential revenue from new drugs, long-term investors may find value in this healthcare giant.

2. Cisco Systems: Cisco faces a 9% stock decline but retains potential for growth with IT upgrades. Amid the AI tech hype, Cisco’s networking products are vital. Despite a revenue drop in Q3, near its 52-week low, Cisco’s 3.5% dividend yield makes it an underrated stock for long-term investors.

3. Starbucks: Down 24% this year, Starbucks faces growth challenges with decreasing store sales and price cuts. Despite risks, Starbucks plans to expand by 17,000 locations by 2030. With a 3% yield, it remains a potential growth stock for patient investors.



Read more at Nasdaq: 3 High-Yielding Dividend Stocks Near Their 52-Week Lows