It’s no secret that the COVID-19 crisis fundamentally changed a lot of things – from work-at-home measures to mask mandates. And with the virus moving from more of a “pandemic” problem to an “endemic” one, many of these changes have stuck, perhaps nowhere as prevalent as in the world of retail. Thanks to rising eCommerce and online shopping, traditional brick & mortar retailers have been forced to adapt to the new world of omnichannel. For those firms getting this right, it’s been a bonanza of profits and rising sales. This describes our latest pick in our Best Dividend Capture Stocks List to a “T.”
Our selection is one of the largest retailers in the world. Its massive size has allowed our pick to leverage its huge storefront and move quickly into digital and online operations. Thanks to services like grocery delivery, new apps and a beefed-up logistics system, our pick has managed to navigate the pandemic omnichannel waters with ease. And it’s paying off in the post-pandemic world as well. Digital sales continue to be a driver for the company, while traditional in-store shopping has continued to pick up as well.
Because of this, our pick is also a great dividend capture play. A dividend capture strategy involves buying a stock before its ex-dividend date and then selling it after it has recovered the payout. With an ex-dividend date of Thursday, March 17, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of four days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest retail pick has the potential to give you what you need.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
