Is Target a Great Dividend Stock?
Target (NYSE: TGT) has been one of the most significant beneficiaries of the COVID-19 pandemic. Sales are up, and customer traffic is booming. Its performance should not be taken for granted, though. Admittedly, the company got an assist from government-mandated closures of non-essential businesses at the onset, leaving it with fewer competitors. It needed to execute on the advantage and sustain it even as business restrictions were removed.
It's yet another example of Target coming through in the clutch. Target has performed this feat multiple times over its long history and has earned itself a position among Dividend Kings, companies that have paid and increased their dividend for 50 consecutive years. Let's further evaluate if Target is an outstanding dividend stock.
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Source Fool.com
