1 Dividend Stock to Double Up on Right Now
This Dividend King hasn't struggled this badly since the 1990s.
Retail is a competitive and dynamic business, so Target (NYSE: TGT) deserves credit for its generations of steady success. That said, things haven't been rosy lately. The company's sales are in decline, and the stock has plummeted over 60% from its high, its sharpest decline since the 1990s. Things don't get this bad without some mistakes, no doubt. But is Target a dying company?
I don't think so. Target hasn't been an awful investment for several years now, but that's then, and it's time to focus on the future. The company is working through some challenges, but remains fundamentally sound, with reasons for optimism.
Here is why investors should consider doubling up on this Dividend King today.
