Meet the High-Yield Dividend King That Just Boosted Its Payout For the 55th Consecutive Year. Here's Why It's Still a Buy at a 52-Week High.
This household name is crushing the market this year.
Meet the High-Yield Dividend King That Just Boosted Its Payout For the 55th Consecutive Year. Here's Why It's Still a Buy at a 52-Week High.
Overview
Sammy Hagar couldn't drive 55, but Target (NYSE: TGT) was able to last week. The discount retailer has now boosted its quarterly distributions for 55 consecutive years, coming through with another dividend increase. The move was modest -- up less than 2% to a quarterly rate of $1.16 a share -- but it kept an enviable streak going for the Dividend King.
It also helped keep the upticks coming, as Target hit a 52-week high on Friday. But the stock is still a good buy despite the fresh peak. With a turnaround coming together, this could be a great time to buy the ascending 2026 market beater.
Details
Let's go on a shopping spree.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
