The holiday shopping season is often a time when retailers make most of their profits. After all, they call it “Black Friday” for a reason. But in the age of COVID-19, the holidays are certainly taking a different form. Consumers have continued to shop via online and omnichannel means, choosing “bricks & clicks” over traditional “brick & mortar” locations.
Luckily for our retail Best Dividend Stocks List pick, it’s been winning in the online and omnichannel shopping battle.
As one of the largest retailers on the planet, our pick has used its vast logistics system to its advantage, making it an e-commerce machine. Online sales grew a whopping 80% last quarter, which is beyond impressive given the sheer size of our selection. Better still those clicks have also translated into sales/pick-ups in store. Overall sales have continued to grow in the face of the pandemic.
But our retail pick has some new tricks up its sleeve to keep the growth going. A new loyalty program is starting to pay off, while investments in new emerging markets – like China and India – are quickly realizing gains. Continued efforts to beef up U.S. e-commerce further are also in the works.
In the end, our pick has the goods to keep navigating the changing retail environment with gusto, and reward shareholders along the way. Already, our pick has been a top dividend stock, paying a steady dividend for more than 50 years.
To summarize, here are five reasons why you should own this stock:
- New moves into higher growth areas such as emerging markets are fueling growth.
- Its huge moat and recession-resistant nature allow it to pull in over $500 billion in sales!
- Major e-commerce player, with online sales jumping nearly 80% last quarter.
- Increased its dividend for well over 40 consecutive years and conducted massive buyback programs from its cash flows.
- Healthy payout ratio of 43% and growing yield of 1.46%.
Our Best Dividend Stocks List has 20 of the highest-rated stocks by our proprietary Dividend.com Rating system. Go Premium to find out the entire list.
