Soaring More Than 30%, These 3 Dividend Stocks Are Not Too Good to Be True
The "growth versus dividend" debate is eternal. The good news, however, is that with the three stocks listed below, you can get the best of both worlds: a recurring dividend payment as well as a good return. All three stocks have been high performers in 2019 and could continue to be next year too.
Target (NYSE: TGT) has done a phenomenal job of creating value for its shareholders this year. Through the first eight months of the year it has risen by more than 60%. The retailer got a big boost in August when its Q2 results beat expectations, and the company raised its guidance for the year. Same-store sales growth of 3.4% continue to look strong, as the retail industry does not appear to be in bad shape despite concerns about a possible slowdown in the economy.
In addition to strong stock returns thus far, shareholders also earn a good dividend from the company, which yields 2.4% per year. It's a modest payout but one that's been growing over the years. A dividend aristocrat, Target has increased its dividend payments for more than four decades, with its latest increase being a 3.1% hike.
Source Fool.com
