While housing sales data remains poor, consumers have continued to improve the homes they already own with gusto. For firms operating in this sector, it has significantly benefited the earnings. Perhaps none as much as the latest Best Consumer Discretionary Dividend list pick. Blow-out earnings have strengthened our pick’s hefty 2.4% yield and investors can buy the stock before it goes ex-dividend on Wednesday, August 31 with a regular quarterly payout of $1.9/share!
Our pick has long been one of the pandemic superstars, embracing omnichannel retailing from the get-go. This strength worked well as we quarantined and were forced to stay at home. Since then, our pick has continued to see a huge swell in activity as consumers continued to beautify their real estate.
And now with the housing market starting to stagnate and buying and selling no longer a viable option for several individuals, home improvement sales have only gotten better. This has provided our pick with some major earnings wins.
In the end, our pick remains a great name for growth and dividend income.
You can check out the Best Consumer Discretionary Dividend Stocks List to explore all the stocks.
