You May Reap 30% Returns and Yields of 5% or More from These Iconic Dividend Stocks
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Stanley Black & Decker sells non-core assets, cuts costs by $2 billion, and reduces product SKUs by 70,000 to restore industry-leading margins after recent struggles
1. Stanley Black & Decker
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SWK boasts a dividend aristocrat status with 57 consecutive annual dividend hikes and a secure 3.6% yield for income investors
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UPS evolves beyond just ecommerce deliveries, now driving over $10 billion in highly profitable healthcare shipments annually
2. UPS
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UPS' fortress balance sheet easily sustains its 4.3% dividend yield even if consumer shipping demand slows near-term
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Ford holds leading 6% share of EV sales in the US, aiming to become the #2 EV automaker domestically within 2 years
3. Ford
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Ford's $29 billion cash stockpile and $12.4 billion in 2022 operating cash flow provides stability to its 5.85% dividend
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Iconic American companies SWK, UPS and Ford trade at just 11X, 13X and 6.8X earnings presenting investors big upside
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Patient income investors can lock-in yields over 4% and benefit from restructuring efforts and growth initiatives underway
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30%+ stock price returns in 2024 achievable for SWK, UPS and Ford as macro and company headwinds fade