Is Target a Dividend Stock to Buy for 2022?

Target (NYSE: TGT) has an impressive history of dividend payments. Indeed, 50 years of paying a steadily growing dividend qualify it as a Dividend King. And more recently, Target shareholders have benefited from some unintended consequences of the coronavirus pandemic.

Sales and profits have surged as Target was deemed an essential retailer and allowed to stay open while non-essential businesses were forced to close. What follows is a closer look at Target's business prospects and its ability to sustain the excellent streak of dividend growth. 

Image source: Getty Images.

Continue reading

Source Fool.com