This retail giant is among an elite group of stocks called Dividend Kings, which are companies that have raised their dividends for at least 50 straight years. There are only 53 stocks on U.S. markets that qualify as Dividend Kings.
This year marked the 52nd consecutive year that this company has raised its dividend, bumping its quarterly dividend up to $1.12 per share in the third quarter, from $1.10 the previous quarter.
While its streak is not the longest — that would be American States Water (NYSE:AWR), a utility stock, at 69 years — this is the best buy among Dividend Kings right now for a few reasons.
This post appeared at Dividend Stocks Research.