5 Worst Performing Dividend Stocks YTD

1. Advance Auto Parts, Inc. (NYSE:AAP)

Year-to-Date Share Price Drop as of September 13: 62.08%

Advance Auto Parts, Inc. (NYSE:AAP) is an automotive aftermarket parts retailer. The company operates a chain of retail stores and an online platform, serving customers across the US. It has been reporting mixed quarterly earnings this year, falling behind analysts’ estimates. On top of that, the company also trimmed its quarterly dividend by 83% and currently pays a quarterly dividend of $0.25 per share. As of September 13, the stock has a dividend yield of 1.73%.

According to Insider Monkey’s database of Q2 2023, 32 hedge funds owned stakes in Advance Auto Parts, Inc. (NYSE:AAP), down from 38 in the previous quarter. The overall value of these stakes is over $500.5 million.

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