Buy low and sell high is the main goal for any investor, but with dividend yielding stocks, you can buy low and reap the benefits before selling. Two major dividend yielding stocks have had a rough 30-day period, losing 10% or more in stock value during this time.
These stocks are cheap – at the moment – but they’re all from sound companies.
1. Apple (AAPL)
Apple stock is on a downward trend, with the stock down 27% on the year and 14% over the last 30 days. Apple stock is struggling as sales for the company’s iPhone have dwindled, and the next iteration of the phone is not scheduled to be released until late 2016.
The company still generated $33 billion in free cash flow over the first half of the year, and had revenue of $50.56 billion in the last quarter with an EPS of $1.90. Apple ended the quarter with $232 billion in cash, long-term securities and short-term investments. Apple pays a dividend of 2% or higher.
2. Franklin Resources (BEN)
Franklin is in the asset-management industry. The company has seen its stock fall 11% in the last 30-day period and 32% on the year. Franklin posts steady growth figures, and a decline in stock prices allows investors to purchase the company’s stock for cheap and enjoy a decent dividend in the process.
The company’s dividend yield increased to 2% earlier in the year.
Franklin has increased its dividend for 34 consecutive years. Moody’s further announced on Monday that Franklin has a rating outlook of stable and will retain it’s A1 senior unsecured rating.
The company missed EPS estimates in the latest quarter of $0.62 with $0.61 earnings. Net income on the quarter declined year over year from $606.5 million to $360.4 million.
