Shares of struggling retailer Target offer a historically high 4.2% dividend yield, making it an appealing investment. Despite recent performance weakness, the company has a long successful history as a Dividend King. The board is making significant changes to turn performance around, presenting a potential buying opportunity for investors. Target’s stock decline, attractive valuation, and strong business history make it a compelling option for contrarian investors. The company’s dividend streak of 58 consecutive years and previous successes during challenging times provide further confidence in its potential to recover. Target’s recent adjustments, including changes in leadership and improved sales trends, indicate a commitment to overcoming current challenges and suggest a possible turnaround in the future. The board’s decision to increase the dividend by 1.8% in June demonstrates confidence in Target’s ability to navigate temporary troubles. Considered a long-term investment, Target’s recent actions and history of success make it a stock worth considering for contrarian investors seeking growth opportunities.

Read more at Yahoo Finance: 3 Reasons to Buy Target Stock Like There’s No Tomorrow