A back-to-basics approach is what’s driving our latest pick on our Best Consumer Discretionary Dividend Stocks List. A once dead relic of the dot-com boom and victim to the online shopping menace, our pick has transformed itself into an omnichannel giant – and one that continues to lean on services to help grow and boost its bottom line.
And it appears to be working.
The last few years have resulted in top-notch earnings growth and a return to impressive revenues. Customers are coming back, buying products and using its services to keep those products up and running. Meanwhile, new forays into additional product lines and even solar energy sales could be potential growth engines for the firm.
Investors like what they see. As share price continues to increase, the firm has completely erased its former penny stock status of a few years ago. Investors have been rewarded for their steadfastness in the stock on the dividend front as well. Dividends have increased for the last 18 years straight and the firm has continued to buy back stock.
With a current 2.9% yield and plenty of growth in the tank, our pick has plenty of potential to boost a portfolio in the near term.
You can check out the Best Dividend Consumer Discretionary Dividend Stocks List to explore all the stocks.
