Both Auto stocks are approaching 52 week lows. GM is down 3+% today and now yielding 4.75% dividend. I realize this is mainly a product of their exposure to China, but I think that the bottom is close. I just got in a small position with GM and will continue to add more in the following weeks if it continues to stair step down. I don't need a quick return and I'm content with the dividend as long as it doesn't get cut. The big question is how bad is China? and how much worse is it going to get there?
I also see dividend stocks taking a small beating once the Fed raises interest rates, so there is that to consider in the future as well.