Are you looking to put a sizable chunk of cash to work generating investment income? Whether you intend to live on this income or reinvest it to bolster your portfolio’s overall growth, there are several great dividend-paying options out there right now. Here’s a closer look at three of your best bets at this time, not despite each stock’s recent turbulence and mostly bearish drama but because of it.
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You probably already know that United Parcel Service‘s (NYSE: UPS) revenue dwindled after soaring during and because of the COVID-19 pandemic, taking a similar toll on the bottom line. Indeed, the delivery giant’s business has been stagnant — at best — since 2022. Its second-quarter sales and income both fell on the order of 1% year over year, extending its anemic results in the meantime. The amount of business and pricing power that was in place just four years ago simply isn’t there anymore.