Promising Dividend Stocks To Add to Your Watchlist - November 3rd

Key Points

• MarketBeat’s watchlist includes seven high-volume dividend-related securities: ProShares UltraPro Short QQQ, Kenvue, Pfizer, Chevron, PepsiCo, AT&T, and NIKE.
• The list spans defensive consumer-health and food companies, healthcare, energy, telecommunications, and apparel, with several stocks trading below recent highs. Chevron stood out with a $446 billion market capitalization, while Kenvue showed notably heavy trading volume relative to its average.
• ProShares UltraPro Short QQQ is an inverse leveraged ETF rather than a conventional dividend stock: it seeks three times the inverse of the Nasdaq-100’s daily performance, making it primarily a bearish hedging tool.

ProShares UltraPro Short QQQ, Kenvue, Pfizer, Chevron, PepsiCo, AT&T, and NIKE are the seven Dividend stocks to watch today, according to MarketBeat's stock screener tool. Dividend stocks are shares of companies that regularly distribute a portion of their profits to shareholders, typically in the form of cash payments called dividends. Investors may seek these stocks for their potential to provide steady income in addition to any gains from increases in the stock price. These companies had the highest dollar trading volume of any Dividend stocks within the last several days.

ProShares UltraPro Short QQQ (SQQQ)

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.

Shares of SQQQ stock traded down $0.58 on Tuesday, hitting $42.97. The stock had a trading volume of 33,179,106 shares, compared to its average volume of 55,510,113. The company's 50 day moving average price is $37.03 and its 200-day moving average price is $50.15. ProShares UltraPro Short QQQ has a 1 year low of $31.42 and a 1 year high of $90.71.

Read Our Latest Research Report on SQQQ

Kenvue (KVUE)

Kenvue Inc. operates as a consumer health company worldwide. The company operates through three segments: Self Care, Skin Health and Beauty, and Essential Health. The Self Care segment offers cough, cold and allergy, pain care, digestive health, smoking cessation, eye care, and other products under the Tylenol, Motrin, Benadryl, Nicorette, Zarbee's, ORSLTM, Rhinocort, Calpol, and Zyrtec brands.

NYSE:KVUE traded up $0.10 during midday trading on Tuesday, reaching $19.41. The company had a trading volume of 66,595,389 shares, compared to its average volume of 18,801,702. The firm has a market capitalization of $37.28 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 1.77 and a beta of 0.48. The stock's fifty day simple moving average is $18.41 and its 200-day simple moving average is $18.20. Kenvue has a 12-month low of $14.06 and a 12-month high of $20.13. The company has a current ratio of 1.01, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67.

Read Our Latest Research Report on KVUE

Pfizer (PFE)

Pfizer Inc. discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products in the United States, Europe, and internationally. The company offers medicines and vaccines in various therapeutic areas, including cardiovascular metabolic, migraine, and women's health under the Eliquis, Nurtec ODT/Vydura, Zavzpret, and the Premarin family brands; infectious diseases with unmet medical needs under the Prevnar family, Abrysvo, Nimenrix, FSME/IMMUN-TicoVac, and Trumenba brands; and COVID-19 prevention and treatment, and potential future mRNA and antiviral products under the Comirnaty and Paxlovid brands.

Shares of NYSE:PFE traded down $0.60 during trading hours on Tuesday, reaching $30.07. The stock had a trading volume of 27,929,423 shares, compared to its average volume of 39,663,324. Pfizer has a 1 year low of $23.62 and a 1 year high of $31.06. The firm's 50 day moving average is $28.60 and its 200-day moving average is $26.82. The stock has a market capitalization of $171.38 billion, a price-to-earnings ratio of 39.76, a P/E/G ratio of 2.00 and a beta of 0.32. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.27.

Read Our Latest Research Report on PFE

Chevron (CVX)

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.

CVX stock traded down $2.02 during trading on Tuesday, hitting $225.75. 3,077,796 shares of the company's stock were exchanged, compared to its average volume of 10,252,973. The business has a 50-day moving average price of $213.61 and a two-hundred day moving average price of $193.39. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $446.04 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 0.54 and a beta of 0.53. Chevron has a 52-week low of $146.49 and a 52-week high of $236.48.

Read Our Latest Research Report on CVX

PepsiCo (PEP)

PepsiCo, Inc. engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

Shares of PEP traded down $2.65 during midday trading on Tuesday, reaching $137.76. 3,331,131 shares of the stock were exchanged, compared to its average volume of 8,179,548. PepsiCo has a twelve month low of $123.47 and a twelve month high of $171.48. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.94 and a quick ratio of 0.76. The company has a market capitalization of $187.74 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 3.96 and a beta of 0.35. The business's 50-day moving average price is $133.43 and its 200 day moving average price is $145.86.

Read Our Latest Research Report on PEP

AT&T (T)

AT&T, Inc. is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.

NYSE:T traded down $0.19 during trading hours on Tuesday, reaching $21.25. 20,892,536 shares of the company's stock were exchanged, compared to its average volume of 48,869,031. AT&T has a 1-year low of $19.89 and a 1-year high of $29.43. The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $143.18 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 1.03 and a beta of 0.25. The company has a 50-day moving average of $24.28 and a 200 day moving average of $24.95.

Read Our Latest Research Report on T

NIKE (NKE)

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.

NKE stock traded down $0.91 during trading on Tuesday, hitting $38.21. The company had a trading volume of 10,500,545 shares, compared to its average volume of 24,613,160. The firm has a 50-day moving average price of $36.91 and a 200-day moving average price of $46.14. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.39. The firm has a market cap of $56.75 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 4.34 and a beta of 1.01. NIKE has a 1-year low of $31.97 and a 1-year high of $69.14.

Read Our Latest Research Report on NKE

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