3 Top Retail Dividend Stocks for 2021
Thanks in no small part to Amazon, the retail world has been undergoing rapid changes in the last decade. And the pandemic sealed the deal: E-commerce in all its many forms is here to stay.
But the industry isn't just about all-out growth. There are plenty of retailers adapting their business models for the future and simultaneously paying out dividends. Three top names for 2021 are Target (NYSE: TGT), Best Buy (NYSE: BBY), and The TJX Companies (NYSE: TJX). Let's find out a bit more about these three top retail dividend stocks and why they might be strong investment options in 2021.
Target is a Dividend Aristocrat. The big-box store has steadily increased its shareholder payout for nearly five decades. And after spending a few billion a year since 2016 to update its operation for the new digital era, Target is doubling down on what it does best and setting itself up for another decade of steady growth.
Source Fool.com
