Looking for the best discounted dividend stocks to buy in March 2023? Today we'll be talking about 3 of them, which I think are insanely cheap right now, and make for great investments to increase your dividend income. These 3 cheap dividend stocks to buy in March 2023 are Kroger (KR), Norfolk Southern (NSC), and Johnson and Johnson (JNJ). Let's get into it!
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The ideas and opinions presented in this video are meant for informational and entertainment purposes only, are not intended to serve as a recommendation to buy or sell any security in any account, and are not an offer or sale of a security. They are also not research reports and are not intended to serve as the basis for any investment decision.
Which stocks are you looking to pick up in March? Let me know in the comments below! 👇
I’ll have to check that one out. Thanks for sharing it!
Kroger is looking to buy sprouts as well. I think it goes through in July if the deal is accepted.
@David Clark Oh shoot I didn’t read that. That’d be a great buy
Most of my activity is DCA’ing current positions trying to build depth…Finally got $CWEN up to nearly $300 and the rest of the positions between $250,00-$275.00 +/-… I do have a couple shiny baubles catching my eye though… $LYB (materials) and $FIBK (financials)
More jnj and schd ,plus wmt lol. I can’t wait for your stream today’s.
Nice review with Kroger! I also added a little JNJ recently!
Thanks man! I think both are looking great. Good move with JNJ
I would wait on NSC until things calm down as I see it going lower after law suits going to come up later.
Let’s see what happens with it!
Just bought KR (Ave under $44) and JNJ (just over $158) last week! Excited to see it on your list! Building up my dividend ETFs first but will be adding to these other positions as I move forward.
Nice pickups my friend! I think it’s a great time to buy both
Great video. Thanks Ryan always doing the hard work for everybody
Thank you my friend! I appreciate all of your support 🙌
MW Intel cuts dividend by 66% in ‘inevitable’ move that was once ‘unthinkable’
Chip maker is seeking ‘improved financial flexibility’ Intel Corp. is cutting its dividend by 66% as it deals with challenges in its business and a continued need for investment.
Yep unfortunate news! I’m going to do a live stream tonight talking more about this
@Ryne Williams from Market Watch – Intel cut its dividend by 66% after analysts’ estimates showed the chip maker was expected to run negative cash flow for the next two full years
I can’t get on board with Intel. I’d rather have Taiwan Semiconductor with a dividend and growth potential but that’s just me.
You’re definitely not alone in that!
Should have talked about the possible merger of Kroger and Albertsons
Next time
@Ryne Williams I was thinking about buying Albertsons because Safeway is one of the places i shop reguarly
With all do respect. I don’t understand how $JNJ looks attractive when you can get a risk free 5.1% on 1 year t bills.
That’s a fair point. That’s a real nice yield on a bond for sure!
That’s right. Dividend stocks have more pain to give because of this.
Bc jnj isn’t a good dividend investment. Low yield, low cagr. IMO
Just started a position in $JNJ, love & have $KR.
I cut $INTC this morning for a small loss.
Nice Reed, good time to start with JNJ!
Thank you Ryne, great video as usual! I own JNJ, KR, SWK, MMM, UNP I’m waiting for NSC to drop a little bit more to add it to my portfolio. Just sold my INTC position at a breakeven (1% up) because of the dividend cut.
All good stuff my friend! Nice job getting a profit out of INTC. I regret to say that I’m in the opposite boat by quite a bit haha
Why’s everyone freaking out over the dividend cut from Intel? Isn’t the whole point of that for them to cut down their debt and improve the health of the company for a rebound in the future? I’m buying more
I think they’re seeing it as a sign of poor financial health. A dividend cut is definitely undesired, but to your point, it’ll help them with their big picture, long term plans. I’m personally holding strong!
I am still going to DCA…
It takes guts for a company to cut dividends. My confidence in the management increased after hearing about the dividend cut.
This is a company in trouble. Dropping revenue, huge Capex expenditures. Market share falling. Guidance is poor. This is just more news confirming this is a company in trouble. Could they turn it around in 3-4 years, sure.. But I wouldn’t be buying in while the “ship is sinking”. Invest is a quality company now, and buy back into INTC if/when there are signs the turnaround will be successful.
@Chris aka CamaRai I’m gonna wait a bit to Buy, holding for now. I only have a small amount invested
I’m buying bti, NRG, Devon energy
J&J, tsn, also want to buy back
Tapestry and JPM if I can
Nice!
I got KR and TAP on my watchlist to start adding this month. Seeing KR in your vid gets more even more hype on this choice
That’s awesome! I’m getting pretty excited about KR and I might start a position soon as well
Just picked up some KR last week, so I’ll probably add some more in early March.
Love it man, good move
I was looking at Kroger, too. I also like Western Union, if the price continues to hover in the $13.30 range — don’t have but a few shares so far. Definitely like JNJ and PG. I am also looking at McDonald’s and am nibbling on Wendy’s already. There is a new subscription-based restaurant trend, and restaurants like McDonald’s will florish in a recession (which looks inevitable).
What do you mean by subscription based restaurant? That sounds intriguing!
@Ryne Williams Yes! You pay a monthly fee, and get so many meals per month. It seems to be taking root in lower cost restaurants like Panera and PF Chang, but in cities there are upper end restaurants trying it out. I just heard about this today.
@Duke of Prunes II ahh that sounds pretty cool!
Great video once again! Keep em coming 👏🏼👏🏼👏🏼
Thank you so much!
Yeah to be fair, I think NSC is going to tank. I can’t imagine that they are going to have good news for awhile, things are just starting to come out
You could be right. That derailment in Ohio is so bad
I didn’t know you were from Vegas! I don’t live there anymore but I was born there and my extended family lives there so I always love going back. I picked up JNJ at 159 the other day. Should I buy more?
Oh nice! Yea I love Vegas…so happy to live here. And I think $159 is a nice price to buy at, I’m going to continue buying more at current prices at least
Union Pacific is one I’d look at if you’re interested in a railroad holding. It dropped to $192 and for a stock that raises its dividend by 10% every year and has a good growth history, certainly worth a look!
Definitely! I almost talked about UNP in this video, but opted for NSC instead haha