In this high inflationary environment, consumers are looking for value. Bargains, sales and deals are now the norm even for higher income earners. For those retailers that can offer these bargains, the new environment has led to plenty of sales increases and profits. And that includes our latest Best Consumer Discretionary Dividend Stocks List, which has returned to post-COVID-19 days of dividend increases!
You can check out the Best Consumer Discretionary Dividend Stocks List to explore all the stocks.
Our pick has made bargain shopping its business. By operating in the world of close-out sales, our pick is able to purchase home and fashion merchandise on the cheap from other retail stores and quickly sell it to consumers. The best part is that its product mix is always changing, causing consumers to return to its stores again and again. This has led to a “cult-like” following by its fans with plenty of social media buzz and word of mouth attention.
Our pick has plenty of growth potential as well. Throughout its long operating history, our pick has continued to be a source of strong revenue generation during recessionary periods. Meanwhile, new concepts and an expansion in the home goods market have plenty of potential.
In the end, our new bargain retailer is a top dividend stock in the discretionary sector.
In order to make room for our new retailer, we’ve decreased positions in two other retailers as well as a quick service restaurant stock.
