2 Top Dividend Kings to Buy in 2022 and Hold Forever
For those seeking investments that can generate income, there's no better place to start than with Dividend Kings. These are companies that have raised their dividends for at least 50 consecutive years. From this list, Lowe's (NYSE: LOW) and Target (NYSE: TGT) stand out as companies that have been growing impressively and repurchasing shares, bringing more value to shareholders than just an ever-increasing dividend. Let's take a closer look at each one.
Home improvement giant Lowe's saw incredible growth during the pandemic as house dwellers -- stuck inside -- used that time to improve their living spaces. The retailer has seen revenue growth accelerate from the single to double digits over the past two years. Revenue and net income have increased 32% and 81%, respectively, between the third quarter of 2019 and the same quarter in 2021. Comparable sales in the U.S. -- a metric that compares how much customers spend in existing locations over time -- was up nearly 34% from 2019.
While the pandemic has accelerated growth temporarily, Lowe's is also working hard at improving sales and profitability over the long term.
Source Fool.com
