The consumer discretionary sector was pummeled in 2022 as risk aversion crept back into financial markets. For income investors, this provides a rare opportunity to buy leading discretionary plays on the cheap. Our latest reaffirmation in the Best Consumer Discretionary Dividend Stocks List is a home improvement retailer with thousands of locations across the United States. There’s a very good chance you have one where you live. Investors have until Tuesday, Jan. 24, to capitalize on the opportunity and earn a regular quarterly payout of $1.05 a share.
You can check out the Best Consumer Discretionary Dividend Stocks List to explore all the stocks.
Despite bearish conditions in the overall economy, the home improvement market continues to see favorable growth. Our pick capitalizes on the trend and has expanded its digital base to increase sales capacity. Launching brands focused on professionals along with deeper inventories should provide our pick with a reliable growth pipeline for the foreseeable future.
