Tue, March 4, 2025
Mon, March 3, 2025

1 ASX dividend stock down 34% I'd buy right now

Here's why this income share could be a strong buy right now. The post 1 ASX dividend stock down 34% I'd buy right now appeared first on The Motley Fool Australia.

The article discusses an ASX-listed company, GQG Partners (ASX:GQG), which has experienced a significant drop in its share price, down 34% from its peak. Despite this decline, the author suggests that now could be a good time to invest in GQG Partners due to several factors. The company, which manages investments in both public and private markets, has shown a robust increase in its funds under management (FUM), growing from $US86.7 billion to $US104.1 billion in the last quarter. This growth is attributed to both market performance and new investments. Additionally, GQG Partners has a high dividend yield of 5.5%, which is attractive for income-focused investors. The article highlights that despite short-term market fluctuations, the long-term outlook for GQG Partners remains positive, supported by its strong management team and the potential for continued growth in FUM, making it an appealing buy at its current discounted price.

Read the Full MSN Article at:
https://www.msn.com/en-au/lifestyle/misc/1-asx-dividend-stock-down-34-i-d-buy-right-now/ar-AA1AaqTz