These Dividend Stocks Could Double in 2016

The market has been in a panic over the past few weeks, which is causing some stocks to sell off by ridiculous amounts. In particular, it has focused a lot of its selling pressure on dividend stocks because it's amplifying the short-term concerns by magnifying any problems. While many of the problems facing these companies are real -- and it's why some have already reduced their dividends -- that doesn't mean the market hasn't over-reacted. There are three dividend payers in particular that appear to have sold off well past a justifiable level, making each a strong bounce-back candidate in 2016.

Over the past year, Kinder Morgan's (NYSE:KMI) stock is down nearly 70%. That's despite the fact that the company's primarily fee-based business model is expected to produce slightly more than $5 billion in cash flow in 2016, which is 8% higher than last year. Over the past year, Textainer Group's (NYSE:TGH) stock has been battered and bloodied, with shares down nearly three-fourths as of this writing. This has been the result of both a lot of competitive pressure, and serious concerns about the global economy, which Textainer relies on to support demand for the shipping containers it leases and rents to cargo shippers. I can see why investors have sold off shares of Potash Corp. of Saskatchewan (NYSE:POT) as much as they have over the past year or so, but that doesn't mean I agree with them. Over the past year, shares are down more than 50% as the prices for potash and other fertilizer products have declined.

Source: Motley Fool

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