This 3.8%-Yielding Dividend King Stock Is a No-Brainer Buy to Generate Passive Income
Target (NYSE: TGT) stock fell after the company reported fourth-quarter and full-year fiscal 2024 results. At the time of this writing, the stock is around its 52-week low and down more than 30% in the last year.But with 53 years of dividend increases and a yield of 3.8%, Target has an extensive track record of boosting its payout. In fact, its dividend streak makes it one of less than 60 members on the list of Dividend Kings -- companies that have paid and raised their dividends for at least 50 consecutive years.Here's why the stock's price is beaten down, what the company needs to improve, and why shares have ultimately become too cheap to ignore and are worth buying now.Continue reading
Target (NYSE: TGT) stock fell after the company reported fourth-quarter and full-year fiscal 2024 results. At the time of this writing, the stock is around its 52-week low and down more than 30% in the last year.
But with 53 years of dividend increases and a yield of 3.8%, Target has an extensive track record of boosting its payout. In fact, its dividend streak makes it one of less than 60 members on the list of Dividend Kings -- companies that have paid and raised their dividends for at least 50 consecutive years.
Here's why the stock's price is beaten down, what the company needs to improve, and why shares have ultimately become too cheap to ignore and are worth buying now.
