5 Dividend Stocks That Are Down Over 30% YTD

4. The Estee Lauder Companies Inc. (NYSE:EL)

Year to Date Performance as of 12/26: -34.89%

Dividend Yield as of 12/26: 1.10%

Number of Hedge Fund Holders: 52

Cosmetics conglomerate The Estee Lauder Companies Inc. (NYSE:EL) has been under pressure this year given foreign exchange headwinds and weaker demand. As a result, the company in November cut its FY23 adjusted EPS outlook to $5.25-$5.40 from the previous $7.39-$7.54. The Estee Lauder Companies Inc. (NYSE:EL) also sees net sales retreating between 8% and 6% year over year for the fiscal year.

As a result of the weaker earnings outlook and other factors, The Estee Lauder Companies Inc. (NYSE:EL) has fallen 34.89% in 2022. Considering the company’s annual dividend of $2.64 per share and the expected FY23 adjusted EPS outlook of over $5.25, The Estee Lauder Companies Inc. (NYSE:EL)’s dividend looks secure amid the down year.