Kenvue: Dude, Where's My Dividend Growth?

Nov. 26, 2023 11:21 AM ETKenvue Inc. (KVUE) StockKVUE13 Comments
Josh Arnold
24.84K Followers

Summary

  • Dividend stocks became unattractive due to weak equities and high Treasury rates, but some are starting to look more attractive again.
  • Kenvue, a spin-off from Johnson & Johnson, lacks growth potential and has stagnant margins and revenue growth.
  • Kenvue's high debt and limited free cash flow make it unlikely to sustain dividend growth, and its valuation is unattractive compared to J&J.

Money growth

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Following the heavy selling we saw in equities during the summer of 2023, dividend stocks that have larger-than-normal yields were everywhere. The combination of weak equities and spiking Treasury rates created an environment where dividend stocks honestly just didn’t

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This article was written by

24.84K Followers
Josh Arnold has been covering financial markets for a decade, utilizing a combination of technical and fundamental analysis to identify potential winners early on in their growth cycles. Josh's focus is mainly on growth stocks. His goal is efficient and profitable use of capital, which overly rigid buy-and-hold strategies do not allow. Josh is the leader of the investing group Timely Trader where he focuses on limiting risk and maximizing potential reward. Features of Timely Trader include: real-time alerts, a model portfolio, technical charts, sentiment indicators, and sector analysis to find the best trading opportunities. Learn more.

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