Dividend Hikes That Could Make These 2 Stocks No-Brainer Buys for Retail Investors
The summer heat is bringing sweltering temperatures, trips to the beach, and long stretches inside air-conditioned rooms. What it's not bringing is a big clutch of dividend raises. These tend to happen during earnings seasons, and we're between two of them right now.
Still, there are an awful lot of income stocks in the market, and inevitably a few will declare out-of-season dividend increases. Let's take a gander at two famous names in the retail industry who just did so: (NYSE: TGT) and Kroger (NYSE: KR).
Target is one of the market's very rare Dividend Kings -- S 500 stocks that have raised their payouts annually for a minimum of 50 years. The large retailer just raise its dividend again -- modestly compared to some of its previous lifts. It hiked its quarterly payout by a shade under 2% to $1.10 per share.
Source Fool.com
Target Corp. Stock
The stock is one of the favorites of our community with 48 Buy predictions and 1 Sell predictions.
As a result the target price of 170 € shows a positive potential of 23.56% compared to the current price of 137.58 € for Target Corp..
