Thank Absurd Media Negativity for This Cheap 6.9% Payout
June 27, 2024 at 05:00 AM EDT
As a contrarian dividend investor, I’ve always looked to buy when media-driven worries run directly counter to the data. And these days, the media is more negative than it’s ever been, despite the data showing the economy is performing well. Today we’re going to exploit that divide and look at an overly discounted, 6.9% dividend that’s nicely positioned to profit from it. Media and Experts Distort Their Real Views All the Time What I’m really talking about here is the so-called “vibecession,” we discussed a few months ago —the feeling that we’re in a recession even though the data says the economy is performing well.… Read more