3 Dividend Stocks Down 20% or More to Buy Hand Over Fist Right Now

Core Viewpoint - The current stock market volatility presents opportunities for income investors to acquire shares of companies with solid dividend payouts, particularly those that have seen significant price declines of 20% or more. Group 1: Energy Transfer LP - Energy Transfer LP's units have decreased just over 20% from their previous high earlier this year, indicating potential for recovery as they are considered oversold [2] - The company's revenue is stable and not directly affected by oil and gas prices, which positions it well amid economic fluctuations [3] - Demand for Energy Transfer's midstream assets is expected to grow due to the rising need for electricity from data centers driven by artificial intelligence [4] - The company offers a forward distribution yield of 7.73% and anticipates annual distribution growth of 3% to 5% [5] Group 2: Occidental Petroleum - Occidental Petroleum's share price has dropped approximately 28% from its high earlier this year, making it a potentially attractive investment with a forward price-to-earnings ratio of 11.8, compared to the S&P 500 energy average of 13.6 [6] - The company is recognized for its extensive oil and gas holdings in the U.S. and its leadership in carbon capture initiatives, which adds to its appeal [7] - Occidental's forward dividend yield has increased to over 2.5%, enhancing its attractiveness as a dividend stock [8] Group 3: United Parcel Service - United Parcel Service's shares have fallen around 27% from their high earlier this year, returning to levels seen during the early COVID-19 pandemic [9] - Concerns exist regarding UPS reducing its volume with Amazon by over 50% by the second half of 2026, but this move is aimed at improving profitability by focusing on higher-margin shipments [10] - UPS is expected to maintain strong business fundamentals due to high barriers to entry and increasing demand for e-commerce and tighter supply chains [11] - The company offers a forward dividend yield of 6.65% and has a strong track record of increasing its dividend payout for 16 consecutive years [11]