The retail industry has become a battle of the haves and have nots. The coronavirus pandemic has only strengthened that remark and those retailers that anticipated the new environment correctly – blending in-store and online shopping to appease consumers – have shown great results. Those firms that have missed the mark are continuing to flirt with disaster. Luckily for our pick in this industry, it started on its omnichannel journey earlier and is quickly being deemed “essential.”
Our pick has continued to benefit from its investments in technology and logistics. Through its moves, consumers are flocking to the retailer’s offerings, even during the pandemic. So much so, that for its latest reported quarter, our pick managed to double its overall growth rate and see huge surges in sales, both online and in-store.
See the original article on our pick here.
The best part is that the continued sales growth and cash flows have allowed our pick to keep its dividend steady, at a time when many retailers are filing for bankruptcy, cutting payouts and closing stores. But with our pick, continuing to spend smartly on additional tech upgrades and measures to improve customer experience, its status as one of the best retailers has been cemented.
For dividend seekers, our pick’s latest results are just what investors need to see in the current environment.
To summarize, here are five reasons why you should own this stock:
1. Sales jumped more than 3.5% during the most recent quarter, to reach more than $25 billion!
2. Managed to navigate the omnichannel waters with ease – using its massive store footprint, informational tutorials and online applications.
3. Features a big moat due to its Amazon-proof business.
4. Steadily paid a dividend since its IPO and recently increased its payout by more than 10%!
5. Healthy payout ratio of 60% and a growing yield of 2.47%.
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