It’s no secret that retail has changed forever. Online shopping and a focus on technology have completely reconfigured consumer habits – and the pandemic made many of those changes permanent. For retailers that have embraced the changes, it’s been smooth sailing. This includes what the latest pick in our Best Dividend Protection Stocks Model Portfolio has already been doing for decades.
Our pick is one of the largest home improvement retailers in the country. This position has been a boon in the recent stages of quarantining and work-from-home mandates. Unlike its major rival, our pick has focused less on contractors and more on weekend warriors. To that end, our pick has continued to unveil new apps and upgrades to its logistics system to make it an omnichannel giant. This has helped it to produce record earnings over the last few quarters.
And it continued to share those profits with investors. The firm has managed to increase its dividend for 45+ years straight and recently upped its buyback program by nearly $3 billion. Investors have an opportunity to grab the dividend as well with an ex-dividend date of January 18.
You can check out the Best Dividend Protection Stocks Model Portfolio to explore all the stocks.
