Wall Street's worries about a potential recession on the way have put more focus on dividend stocks in 2023. These companies tend to run more stable businesses that aren't as exposed to short-term demand swings. Their dividend payments can also be a valuable buffer, providing some returns while stock markets are headed lower.

With those positive factors in mind, let's compare two highly successful retailers, Target (NYSE: TGT) and Home Depot (NYSE: HD), which have several decades of steady payout increases between them, to see which is the better stock purchase right now.

Both companies are struggling with a pivot in demand away from categories that had been booming in earlier phases of the pandemic.

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Source Fool.com