Why Target Is a Retiree's Dream Stock

What exactly is a retiree's dream stock? Each person may have a different idea. But one possibility is a stock that offers a combination of a solid and safe business, steady growth, and dividend payments.

This sort of stock is ideal because it brings in income for you annually -- and you can count on share-price gains as the company posts growing revenue, for example. Where can you find all of that? With a business that's probably right in your neighborhood. And you might even shop there regularly.

I'm talking about Target (NYSE: TGT). Let's take a look at why the retail giant is the dream stock for retirees.

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Source Fool.com