2 Huge Dividend Raises You Can Still Profit From

In the late spring, with the coronavirus still very much in the headlines and meme stocks dominating investor conversations, it was easy to miss two giant quarterly dividend raises. Late last month, DIY retailer Lowe's (NYSE: LOW) cranked its payout 33% higher. Not to be outdone, Target (NYSE: TGT) hiked its own dividend payout by nearly the same percentage.

Fortunately, there is still time for investors to get in on both dividend raises. But do these fattened dividends necessarily make these two stocks buys? Let's explore.

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Source Fool.com