Core Insights - The article highlights three top consumer brands offering attractive dividend yields ranging from 2.91% to 4.89%, presenting opportunities for passive income amidst market volatility [1]. Company Summaries - Constellation Brands: - Forward dividend yield is 2.91% - Shares have decreased by 49% from recent highs due to macroeconomic challenges, presenting a buying opportunity - The company owns popular Mexican beer brands, including Modelo and Corona, with new product Corona Sunbrew becoming the top new beer brand in the U.S. [3][4] - Hershey: - Forward dividend yield is 2.97% - Stock has fallen by 33% from previous highs due to record cocoa prices and poor harvests, making it a good buying opportunity - Hershey has a strong brand presence with top products like Reese's, contributing to an $11 billion snack business, and has paid dividends for 95 years, indicating financial stability [5][6][7][8] Market Context - Both Constellation Brands and Hershey are facing near-term challenges but have profitable businesses that support their dividend payments, making them attractive for income investors [7].
3 High-Yield Dividend Stocks Down 33% to 65% to Buy Right Now