2 Oversold Dividend Growth Stocks to Buy Now
The stock market sometimes punishes both deserving and undeserving companies during periods of uncertainty, creating buying opportunities for long-term investors willing to sift through the beaten-down stocks to find the high-quality companies that have been oversold.
Year to date, shares of financial data and ratings specialist Moody's (NYSE: MCO) and swimming pool supplier Pool Corp (NASDAQ: POOL) are down sharply, falling 16% and 11%, respectively. But a closer look at the fundamentals of both businesses suggests these pullbacks might be an overreaction. Both companies operate incredibly durable models, generate substantial cash flow, and have a long history of returning capital to shareholders through consistently growing dividends.
For income-focused investors looking to buy the dip, here is why these two oversold dividend stocks are worth a closer look today.
Source Fool.com
