Vivek Vishwakarma
A contrarian mindset can be great for picking up bargains, especially for dividend investors who prize higher yields than what the S&P 500 (SPY) offers. For example, a 10% drop in price on a previously 5%-yielding stock results in
I'm Buying Magnificent Dividends Up To 9% Yield
Summary
- A contrarian mindset can help dividend investors find bargains, with Crescent Capital BDC and Cenovus Energy offering high yields after recent price drops.
- Crescent Capital BDC carries a diversified debt portfolio, strong dividend coverage, and a safe leverage profile, making it a compelling buy at a 9% discount to book value.
- Cenovus Energy's integrated operations and cost optimization efforts position it for long-term growth, with plans to return 100% of excess free cash flow to shareholders.
- Both stocks offer attractive value and income opportunities for dividend investors at their current discounted prices.
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