Reading the headlines, you would assume that the housing market is in the proverbial toilet. However, not all areas of the sector are doing poorly. It turns out, some are actually thriving. And our latest Best Consumer Discretionary Dividend Stocks List pick is right in the thick of it. Investors can take advantage of our pick’s prowess and hefty payout before it goes ex-dividend on Wednesday, November 30, with a regular quarterly dividend of $1.9 per share!
Rising rates have caused many consumers to forgo or postpone new home purchases. To that end, many have continued to make upgrades to their existing homes. With DIY demand surging, our pick has been able to feast. As one of the largest home improvement store chains in the nation, our pick has continued to see rising sales and profits in the mixed housing environment.
Better still is our pick has been able to realize plenty of growth. Thanks to new tech upgrades and a focus on the contractor/professional market, our pick has been able to keep customers in-house, drive sales and continue its winning ways. Given the cutthroat nature of both the retail and housing sectors, our pick’s prowess cannot be ignored.
In order to make room for our new home improvement retailer, we’ve been forced to remove a consultant from the list.
You can check out the Best Consumer Discretionary Dividend Stocks List to explore all the stocks.
