3 Remarkable Dividend Kings That Were Down in 2023 But Could Rebound in 2024
Each year, Wall Street becomes enamored with different market themes. In 2022, stable, dividend-paying companies were a beacon of safety amid a widespread downturn in the major indexes. Last year, mega-cap growth stocks, especially big tech, led to market exuberance and an outperforming year for the Nasdaq Composite.
It's too early to tell what 2024 will bring. But Coca-Cola (NYSE: KO), Procter Gamble (NYSE: PG), and (NYSE: TGT) all lost value last year despite the S 500's gain of 24%. However, all three companies are Dividend Kings, having paid and raised their dividends for over 50 consecutive years.
Investors looking for safe, out-of-favor stocks have come to the right place. Here's why each stock is worth buying no matter what happens in the broader market.
Source Fool.com
Target Corp. Stock
With 43 Buy predictions and 1 Sell predictions Target Corp. is one of the favorites of our community.
With a target price of 169 € there is a positive potential of 21.83% for Target Corp. compared to the current price of 138.72 €.
