3 Everyday Retail Stocks Yielding Over 3%
Retail stocks are
along with the rest of the stock market. The SPDR S&P Retail ETF has declined approximately (-18.9%) year-to-date (YTD). Some retail stocks are down even more.
Many retail stocks benefitted during the COVID-19 pandemic as consumers spent their savings and Federal stimulus dollars online.
Three everyday retail stocks for investors to consider for their portfolios are Best Buy Co. (NYSE: BBY), Walgreens Boots Alliance (NASDAQ: WBA), and Restaurant Brands International (NYSE: QSR).
Besides the solid dividend yields, all three stocks are dividend growth stocks with 10+ years of dividend growth.
Best Buy is a dividend stock. The forward dividend yield is now 3.72%. The dividend is supported by a conservative payout ratio of about 30% and over $2,500 million in free cash flow (FCF).
Best Buy – A Survivor
Walgreens Boots Alliance – A Dividend Aristocrat
Walgreens Boots’ forward dividend yield is ~4.0%. The company is known for its many years of dividend growth. The pharmacy retailer has increased the dividend for 47 years, and the stock is a
Restaurant Brands International – Little Known
The company is controlled by a private equity firm, 3G Capital. Total system sales were $35+ billion, and revenue was about $5.74 billion in 2021.
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