Why This Blue Chip Stock Is a No-Brainer Buy for Dividend Growth Investors
Thanks to a variety of economic and geopolitical factors, risks of a global recession in 2023 are mounting. Even so, there are still plenty of smart things that investors can do to position themselves well for the future.
If a global recession does indeed hit next year, more shoppers will turn to bargain retailers. And as a top off-price retailer, TJX Companies (NYSE: TJX) could be a great pick for dividend growth investors. Here's why.
Best known for its T.J. Maxx, HomeGoods, Sierra, and Marshalls store brands, TJX is the largest apparel retailer in the world. How has the company become the most dominant apparel retailer on the planet with a $90 billion market capitalization?
Source Fool.com
