March 28, 2016

Forget Wal-Mart Stores Inc.: Here Is a Better Dividend Stock

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