Attention balanced dividend investors! Here’s a Cons. Discr. Retail gem that you’d be wise to keep on your radar. With a forward payout ratio at a snug 32%, it sits comfortably in line with the industry average of 34%. If stability and track record are what you seek, this particular stock boasts an impressive 50-year dividend increase history, placing it in the top 10% of dividend stocks.
Its 3-year dividend per share compound annual growth rate shines at 24%, pushing it into the top echelon – the 20% of all dividend stocks.
Investors eyeing near-term returns should note the imminent ex-dividend date on the calendar: next Tuesday, October 24. Shareholders can anticipate an attractive, unchanged ‘qualified’ payout of $1.100 per share.
What’s the science behind this recommendation? It’s about optimizing for that perfect blend of yield, dividend safety, return potential, and risk, specifically within the Consumer Discretionary dividend stock sphere. While arriving at our recommendation, we’ve also factored in the growth drivers and financial results discussed by the company management during their Q2 2023 earnings call held on August 22, 2023.
Dive into our in-depth analysis to discover more about this standout stock.
