3 Dividend Paying Stocks That Are 30% Off 52 Week Highs

A sharp drop in the price of a company's stock does not necessarily mean it is time to take the plunge. However, it could be a good time to do further due diligence to determine if there is long-term value in the company. Especially intriguing are when these price drops create unique dividend opportunities.Hooker Furniture Corporation (HOFT) is an importer of residential wood and metal furniture as well as a manufacturer and importer of upholstered furniture. The company's products are sold through various retail outlets including department stores, independent furniture stores, specialty retailers, catalog retailers as well as national and regional chains.Hooker currently pays a quarterly dividend of $0.10 per share or $0.40 on an annualized basis which equates to a yield of 4.3%. The company recently confirmed its dividend by announcing it will pay a quarterly dividend of $0.10 on August 26, 2011 to shareholders of record... Read more