While the market is focused on the ongoing turmoil in Iran and the upcoming rise in oil prices, smart investors know that opportunity also exists amid the uncertainty. The recent selloff in stocks has opened the door for you to add quality stocks to your portfolio at a discount.
dividend stock Not only provide a solid stream of income, but also diversification away from high-flying growth stocks. With that in mind, here are three solid dividend stocks to pick up right now if the market is in disarray.
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This Dividend King is on Sale
stanley black and decker (SWK +5.71%) The stock has declined 22% in the past month, and it trades at a forward price-to-earnings (P/E) ratio of just 12.8. The company’s dividend yield now sits around 5%, and it has an excellent track record of increasing its dividend payments for 59 consecutive years, putting it in a special category. Dividend Kings Club.
In December, the company sold its Consolidated Aerospace Manufacturing (CAM) business to Howmet Aerospace for $1.8 billion in cash. The move is part of the company’s broader organizational transformation to reduce its debt and clean up its balance sheet. This takes Stanley Black & Decker out of the aerospace industry and focuses on its core strengths. The deal is expected to be completed in the first half of this year.
today’s change
(5.71%) $3.86
current price
$71.49
key data points
market cap
$10B
day limit
$70.94 -$73.00
52wk range
$53.91 -$93.37
volume
2M
average volume
1.9m
gross margin
29.71%
dividend yield
4.89%
Looking out to 2026, Stanley Black & Decker is targeting free cash flow of $700 million to $900 million, which represents a 16% increase (at the midpoint) from last year. This is cash flow that the company can use to increase its dividend, repurchase shares, or invest back into its business. For income investors looking for a deal in this market, Stanley Black & Decker certainly fits the bill.
UPS is pushing for greater efficiency
United Parcel Service (Above +2.91%) It is undergoing a transformation as it pivots toward its higher-margin businesses and cuts costs to improve its efficiency. Under this the company is reducing its dependence Amazon And it cut its daily volumes with the e-commerce giant by 2 million over a two-year period as part of its efforts to exit less profitable sectors.
today’s change
(2.91%) $2.84
current price
$100.41
key data points
market cap
$83B
day limit
$99.28 -$101.53
52wk range
$82.00 -$122.41
volume
208K
average volume
6.6M
gross margin
18.53%
dividend yield
6.72%
The company is also considering cutting 30,000 jobs and closing 24 facilities to improve its efficiency. It is facing some legal opposition from the Teamsters union, which wants to block the driver buyout program as part of its efficiency measures.
In the long term, UPS aims to save $3.5 billion by overhauling its network, reducing per-piece costs and moving away from labor-intensive manual sorting. Some of its facilities are equipped with the latest automation technology Has shown 28% greater cost efficiency compared to traditional centres.
UPS stock is down 20% from its recent 52-week high and trading at about 14 times forward earnings. It has increased its dividend for 16 consecutive years, and currently yields investors a yield of 6.7%, making it another excellent dividend stock while the market is distracted by other things.
Honeywell wants to unlock the value of the sum of the parts
honeywell (Honorable +3.76%) has recently signed a supplier framework agreement with the US Department of Defense. As part of this, the company has committed to a multi-year $500 million investment to upgrade production facilities, tooling and advanced manufacturing technologies. The goal is to quadruple production as the US increases national defense spending.
today’s change
(3.76%) $8.41
current price
$232.25
key data points
market cap
$142b
day limit
$228.51 -$232.35
52wk range
$168.99 -$248.18
volume
175K
average volume
4.3M
gross margin
37.99%
dividend yield
2.01%
Additionally, Honeywell is also going through a period of change, including spinoffs, acquisitions, and focusing on its core business. Under this the company will do this Spin Honeywell AerospaceWhich is expected to become a stand-alone publicly traded company in the third quarter this year.
Wolfe Research analysts believe this spinoff could unlock “sum-of-the-parts” value, in a similar manner to General Electric’s aerospace spinoff (GE Aerospace), energy (GE Vernova), and healthcare professions (GE Healthcare) Unlock value for your shareholders. For investors interested in Honeywell and its future aerospace spinoff, now is an excellent time to buy.