Target Corporation: Overlooked Retail Stock Just Raised Its Dividend Again

1 Retail Stock for Income Investors to Consider

When almost everyone thinks that the retail industry is done because more consumers are shopping online, one retail company just keeps on raising its payout to investors.

I’m talking about Target Corporation (NYSE:TGT), which operates more than 1,800 department stores located across the U.S.

On Thursday, June 13, Target declared a quarterly cash dividend of $0.66 per common share. The amount represented a 3.1% increase from the company’s previous quarterly dividend rate of $0.64 per common share. The raised dividend will be paid on September 10, 2019 to shareholders of record as of August 21. (Source: “Target Corporation Announces 3.1 Percent Dividend Increase,” Target Corporation, June 13, 2019.)

A three-percent payout increase may not seem like much in an era where people care about capital gains the most. However, the announcement on Thursday marked the continuation of an important tradition at Target Corporation: returning an increasing amount of cash to shareholders.

Lowe's Dividend Stock Analysis

Lowe's Companies, Inc. (LOW), together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. Lowe's is one of the Original Dividend Aristocrats from 1989.

Lowe’s is one of 26 dividend kings in the US. The company hiked its quarterly dividend by 15% to 55 cents/share just last week. This marked the 57th consecutive annual dividend increase for the dividend king. Over the past decade, the company has managed to increase distributions at an annualized rate of 18.40%.

10 Smart Dividend Stocks for the Rest of the Year

If you're looking to scale back on aggressive exposure and beef up safety-minded holdings, start here

The market has managed to back itself away from imminent danger, bouncing back from a relatively serious stumble from a couple of weeks ago. It’s too soon to say stocks will be able to remain out of trouble, though. Aside from a lethargic time of year, the wrong headline could still easily up-end it all.

Or, perhaps the market will continue to climb.

In an uncertain environment like the one we find ourselves in now, sometimes the right strategic move is to simplify. Step into reliable cash cows, accumulate cash from dividends, and wait for a more opportune time to make risky bets.

The $64,000 question is, of course, which dividend stocks? They certainly aren’t all built the same.

Here’s a run-down of 10 different dividend stocks to buy, from a variety of industries. Investors won’t necessarily need all of them to create a more defensive-minded portfolio, though considering more than one might not be a bad idea either.

High Dividend Stocks — June 2019

High dividend stocks appeal to many investors living off dividends in retirement because their high yields provide generous income.

Many of the highest paying dividend stocks offer a high yield in excess of 4%, and some even yield 10% or more.

However, not all high yield dividend stocks are safe. Let’s review what high dividend stocks are, where stocks with high dividends can be found in the market, and how to identify which high dividends are risky.

At the end of the article, we will take a look at 23 of the best high dividend stocks, providing analysis on each company. Almost all of these high yield stocks offer a dividend yield greater than 4%, have increased their dividends for at least five consecutive years, and maintain healthy Dividend Safety Scores.

The market’s strength has reduced the number of safe dividend stocks with high yields, but there are still several dozen worth reviewing.

By the way, many of the people interested in high dividend stocks are retirees looking to generate safe income from dividend-paying stocks. If that sounds like you, you might like to try our online product, which lets you track your portfolio’s income, dividend safety, and more.

You can learn more about our suite of portfolio tools and research for retirees by clicking here.

6 Big Dividend Stocks to Buy as Yields Plunge

Yields are plunging, and that makes big dividend stocks look that much more attractive

A lot happened in financial markets in May. One of the more important things that happened was in the bond market. Fixed income yields plunged in May on concerns that the global economy is slowing and will continue to slow as trade tensions between the U.S. and China remain elevated. Specifically, the 10-Year Treasury Yield has dropped below 2.3% in late May, after peaking right around 3.3% in late 2018, and is now at its lowest level since late 2017.

One implication of plunging yields is that stocks with big dividend yields become more attractive. Why? Because the lower yields go, the higher dividend yields are relative to those fixed income yields. Thus, when yields plunge, investors tend to flock into dividend stocks with big yields.

Because of this dynamic, plunging yields create a good opportunity to buy into dividend stocks with big yields. Which stocks should be on your list of stocks to buy? Let’s take a look at six big dividend stocks to consider as yields plunge.