2022 has been a difficult year for consumer discretionary stocks. The sector is down 34% over the past 12 months, which is much worse than the S&P 500’s 16.3% decline over the same period. That said, retailers serving America’s farming sector have plenty of upside potential, even in a depressed economic environment. Our latest addition to the Best Discretionary Dividend Stocks List is a rural retailer that has experienced relative price stability compared to its sectoral peers.
Thanks to strong quarterly earnings, a bevy of loyalty programs aiding customer retention and positive guidance in the near future, our pick is an attractive option for income investors. Although our pick won’t blow you away with its dividend yield, a 10+ year track record of dividend increases should help you sleep better at night.
To make room for our rural retailer, we’ve booked profits and removed a tools manufacturer with limited upside potential.
You can check out the Best Consumer Discretionary Dividend Stocks List to explore all the stocks.
