Published on 20 Aug 2024 on Insider Monkey · via Yahoo Finance
Nutrien Ltd. (NTR): Leading the Pack Among Top Dividend Stocks Under $50
We recently compiled a list of the 10 Best Dividend-Paying Stocks Under $50. In this article, we are going to take a look at where Nutrien Ltd. (NYSE:NTR) stands against the other dividend-paying stocks under $50.
The bullish market trend that had been ongoing since October 2022 faced a disruption in early August. Investor sentiment shifted as concerns about the U.S. economy’s strength grew. This change was triggered by a jobs report, which revealed modest job growth in July and a rise in the national unemployment rate. These figures sparked worries about potential economic challenges and doubts about whether the Federal Reserve had acted too slowly in implementing anticipated interest rate cuts that were expected to support the economy. As a result, stock markets saw sharp declines over several consecutive trading days. The broader market fell by 3% between August 2 and August 5.