This retailer is crushing Wal-Mart in terms of dividend growth.
Wal-Mart (NYSE:WMT)
is one of the most-renowned dividend stocks in the market, and for a
good reason: The retail juggernaut has an amazing track record of
dividend growth over the long term. Wal-Mart paid its first dividend in
1974, and it has raised its dividend every year since then, proving that
the business is strong enough to deliver consistently growing payments
for investors through good and bad economic times.
On the other hand, Wal-Mart is facing a clear slowdown in revenue and earnings lately, and this is being reflected in lackluster dividend growth. For this reason, investors looking for a rock-solid dividend stock in the retail industry may want to pick Target (NYSE:TGT) instead.
Some key numbers...
Source: The Motley Fool
On the other hand, Wal-Mart is facing a clear slowdown in revenue and earnings lately, and this is being reflected in lackluster dividend growth. For this reason, investors looking for a rock-solid dividend stock in the retail industry may want to pick Target (NYSE:TGT) instead.
Some key numbers...
Source: The Motley Fool