Published on 20 Sep 2024 on Insider Monkey · via Yahoo Finance

Is Nutrien Ltd. (NTR) The Best Beaten Down Dividend Stock to Invest in Now?

We recently compiled a list of the 10 Best Beaten Down Dividend Stocks to Invest in Now. In this article, we are going to take a look at where Nutrien Ltd. (NYSE:NTR) stands against the other beaten down dividend stocks.

Dividend stocks have faced challenges over the past year due to the rising focus on tech stocks. However, the value of income remains strong, and investors haven’t overlooked dividend equities. As a result, US companies are now more focused on dividends, offering substantial payouts to shareholders. In fact, many tech companies have begun issuing dividends this year, thanks to strong cash flow on their balance sheets. While they could reinvest in growth, sharing profits with shareholders has become an appealing strategy to attract investors.