The stock market is not known for consistency. Look at things like hypergrowth technology companies or meme stocks : These sorts of assets tend to require active monitoring and trading to achieve best results. For investors with a different time horizon, however, the stock market also offers opportunities.
Income investors, in particular, tend to appreciate stability and predictability over fast gains and high levels of volatility. And what could be better than companies that have raised their dividend payments for at least 50 years in a row. These forever stocks – nicknamed Dividend Kings – have proven their mettle through an incredible number of economic and political challenges over the decades.
For these three dividend stocks in particular, they are also selling at attractive valuations today, making it a fantastic entry point right now. Hormel Foods (HRL) Hormel Foods (NYSE: HRL ) is a packaged foods company focused on protein products. Known for its canned pork product Spam, the Hormel of nowadays is more focused on health-conscious products such as natural and organic meats, guacamole, Mexican salsas, and nuts and nut butter.
HRL stock had a dreadful run over the past two years. The company has been hit by higher commodity prices, higher labor costs and pushback against price increases in the grocery aisle. Hormel’s profit margins slumped and the stock price has had its worst drawdown in decades.
For long-term investors, this marks a compelling opportunity. Horme.