It’s no secret that the world of retail has been changed forever. The rise of digital and omnichannel operations has completely reimagined how we shop. For retailers that have adapted to this new environment, it’s been a boon of steady sales and profits. And this includes our newest Best Dividend Protection Stocks Model Portfolio pick.
Our pick is one of the largest discount retailers in the country. This alone provides it with an enviable size and scope compared to other retailers. Another win for our pick has been its “cheap chic” focus. This unique niche helps to create a loyal fan base that keeps coming back to stores. Even better is that its average customer tends to be tech-savvy, affluent and young, making it easy for the firm to transition into online and omnichannel operations.
For investors, our pick’s successful transition into the digital realm has been full of profits, cash flows and a five-decade streak of dividend increases.
With the economy grinding forward and our pick providing the right mix of “cool” and essential products, growth is very much assured for the next decade as well. Watch for when the stock goes ex-dividend on Tuesday, February 15.
In order to make room for this retail stock pick, we had to remove an industrial stock from our list this week.
You can check out the Best Dividend Protection Stocks Model Portfolio to explore all the stocks.
