"Target ( NYSE: TGT) has been in a steady downtrend thanks to economic uncertainty, supply chain issues, and a series of controversial political issues. However, despite the pullback, the retailer continues to hike its dividends. With the streak now at 54 years, Target is a Dividend King, with a yield of 5%. The company's next dividend of $1.14 per share was paid on September 1, marking its 232nd increase."
"With a yield of 3.95%, PepsiCo ( NASDAQ: PEP) is just starting to pivot higher after dipping to $140 a share. Now at $144.23, we'd like to see PEP retest $155 near-term. Even better, PEP just declared a quarterly dividend of $1.4225, which is payable on September 30 to shareholders of record as of September 5. This now marks the company's 53rd consecutive annual dividend increase since 1965."
Investing in beaten-down but resilient, high-dividend stocks can generate income while waiting for recovery and long-term appreciation. Target has faced a downtrend from economic uncertainty, supply-chain disruptions, and political controversies, yet continues dividend increases for 54 years, yields about 5%, and paid $1.14 per share on September 1 as its 232nd increase. Target's valuation near 10.5x earnings implies discounted expectations versus peers, while management maintains guidance and targets $15 billion in sales growth over five years. PepsiCo yields about 3.95%, recently dipped near $140 then rose to $144.23, declared a $1.4225 quarterly dividend payable September 30, marking 53 consecutive annual increases, and saw analyst target upgrades after an activist $4 billion stake.
Read at 24/7 Wall St.
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