- Home Depot and Target are committed to paying dividends, with Home Depot focusing on growth initiatives and Target raising its dividend for 54 consecutive years.
- Home Depot, the leading home improvement retailer, has seen a slight increase in sales, with fiscal second-quarter same-store sales up 1%. The company has a 2.3% dividend yield and plenty of free cash flow to support dividends.
- Target, known for basic and exclusive merchandise, experienced a decline in sales, with fiscal second-quarter comps dropping 1.9%. The company has raised dividends for 54 years and has a 52% payout ratio.
- Target announced the promotion of COO Michael Fiddelke to CEO and remains committed to increasing dividends, offering a 4.6% yield at the new dividend rate.
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