2 Dividend Stocks Down 38% to 49% That You Can Buy Right Now

fool.com/investing/2022/11/24/2-dividend-stocks-down-37-to-49-you-can-buy-now

Investors should rub their hands in glee when the stocks of companies with solid underlying businesses that pay attractive dividends decline sharply. Why? You get an opportunity to buy with great upside potential plus a higher dividend yield.

Start rubbing those hands. Here are two dividend stocks down 38% to 49% that you can buy right now.

1. Digital Realty Trust

Shares of Digital Realty Trust (DLR 1.36%) have fallen 38% so far this year. Investors have been concerned about the impact of rising interest rates and a bleak economic outlook on the data center real estate investment trust (REIT).

But Digital Realty Trust's business continues to hum along pretty well. The company reported revenue of $1.2 billion in the third quarter of 2022, up 5% on both a year-over-year and sequential basis. Funds from operations increased by nearly 3.4% year over year to $462.3 million.

Granted, Digital Realty has lowered its outlook for full-year 2022. The REIT now expects core funds from operations…

This story appeared first on fool.com, 2022-11-24.
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