1 Dividend Growth Stock Down 35% to Buy Right Now.

Hershey (NYSE: HSY) isn't normally viewed as a high-yield stock, but its dividend yield of 3.2% today is near its highest level ever. Investors can still easily find higher yields on Wall Street. But Hershey's yield is way more attractive than the 1.2% offered by the S&P 500 index or the 2.5% you'd collect from the average consumer staples company.Here's what's going on and why you might want to buy Hershey right now.There are two notable concerns around Hershey today despite the company's alluring portfolio of snack food products. (Who doesn't like chocolate, pretzels, and popcorn?) The first problem relates to cocoa, which is the key ingredient in making chocolate. It is a commodity, and the supply-and-demand dynamics in the cocoa market have basically gone haywire, leading to a shocking rise in price. Hershey is used to dealing with commodity prices, so it hedged its exposure to cocoa in 2024. But such hedges only last for so long before they roll off.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool