These Dividend Sell-Offs Could Mean Higher Starting Yields For You!
Have you ever looked at a stock, wanted to buy it, and then watched as the price shot-up to new highs?
That happens a lot.
Which is why it’s important to build a watchlist. This way you can keep an eye on quality businesses and buy them when they’re on sale.
Which leads into today’s topic.
Three stocks that were expensive just a few months ago.
But now they’ve sold-off and you can buy them at a better price…
Northrop Grumman Corporation ($NOC)
Northrop Grumman Corporation makes high-tech military equipment including stealth bombers and UAV drones. And, they’re currently working with DARPA to develop a “lunar railway” system that will put trains on the moon.
This is an incredibly wide-moat business. And Northrop Grumman Corporation’s stock performance reflects that.
Northrop Grumman consistently beats the market, delivering an average annual total return of 15.21% over the past decade, and achieving a 5-year compound annual dividend growth rate of 9.29%.
And while the share price may look expensive at $429, Northrop Grumman trades at a price to earnings ratio of just 17.35 — well…