5 Dividend Stocks That Are Down Over 30% YTD

3. FedEx Corporation (NYSE:FDX)

Year to Date Performance as of 12/26: -31.98%

Dividend Yield as of 12/26: 2.61%

Number of Hedge Fund Holders: 57

FedEx Corporation (NYSE:FDX) is a blue chip that’s down 31.98% in 2022 given the macro headwinds which have led to a drop in volume which accelerated through Q2. Nevertheless, the company has said the volume decline has begun to moderate at the end of Q3. While the company is cutting costs, there could be more volatility if there is a severe recession next year that might weaken shipment volumes further.

In the long term, however, FedEx Corporation (NYSE:FDX) has many competitive advantages. Its stock has a dividend yield of 2.61% as of 12/26.