Dividend Stock TOO CHEAP To IGNORE?! | Down OVER 30% 😱 | Dividend Stock to Buy for Passive Income

DOWN over 33%... yield swelling towards 5%, with 12 years of dividend growth. Is this a stock to buy right now and is too cheap to ignore? Why do dividends matter? Dividends are one of the best passive income sources. Dividend investing increases your passive income, as you reach financial freedom! Reference items: ►SoFi - Earn $25 FREE Stock when you Invest $10!: https://bit.ly/3BHfJfs ►SoFi - Open a Savings/Checking Account, earn up to $275!: https://rb.gy/3itol ►Fundrise - Dividend Diplomats Use this for Real Estate Investing: https://fundrise.sjv.io/9aJWW ►GoogleFi - Save ~$30 month for switching to Google's Phone Plan: https://g.co/fi/r/1292VY ►Dividend Diplomats Stock Portfolios: https://bit.ly/3fc7G2B ►Dividend Diplomats Blog: https://www.dividenddiplomats.com/ Lanny owns over 200 shares of this stock and Bert's been stacking shares of this stock as well in 2023. The dividend yield is swelling up near 5%, with a low price to earnings ratio below 13x and a dividend payout ratio below 50%. Dividend growth, though, has started to slow and I expect it to remain in the 2-4% range for the next 2 years. However... I do expect it to resume, once the economy picks back up and everything is stabalized. I/Lanny have also owned this stock for over a dozen years! It's a passive income producer for me, at this point. After you watch, I am curious - do you think this stock is too cheap to ignore? Is this a great dividend stock to buy right now? Do you invest into dividend stocks strictly for the passive income? Let us know in the comments community! Thank you everyone! Subscribe, like and let us know your feedback & questions below! Follow us on: ►Twitter:   / dvdnddiplomats   ►Instagram:   / dividenddiplomats   ►Threads: https://www.threads.net/@dividenddipl... #investing #stocks #dividends #financialfreedom #money #moneytips #PersonalFinance