Better Dividend Stock: Target vs. Procter & Gamble
Discount retail giant Target (NYSE: TGT) and consumer goods manufacturer Procter & Gamble (NYSE: PG) are in an exclusive club when it comes to dividends: They have outperformed most of their peers by stringing together a long track record of steadily rising payouts, even through prior market downturns.
That history suggests that income investors will benefit from higher cash returns from either stock in 2023 and beyond. But which one is the better dividend stock to buy and hold? Let's dive right in.
Both companies have been performing well through a difficult selling environment. In late February, Target announced that comparable-store sales rose 1% in the most recent quarter, after jumping 9% a year earlier. Customer traffic at its locations improved by 2% for the full 2022 year after soaring by 12.3% in 2021.
Source Fool.com
