1 Dividend Stock Down 57% You'll Regret Not Buying on the Dip

By Parkev Tatevosian, CFA – Jul 6, 2023 at 4:15AM

NYSE: M

Macy's

Market Cap

$5B

Today's Change

(0.44%) $0.08

Current Price

$18.43

Price as of April 26, 2024, 4:00 p.m. ET

This dividend stock took the opportunity to right-size operations during the pandemic.

Fool.com contributor Parkev Tatevosian highlights one dividend stock that could make an excellent addition to passive income investor portfolios.

*Stock prices used were the afternoon prices of July 3, 2023. The video was published on July 5, 2023.

Parkev Tatevosian, CFA has positions in Macy's. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.