It’s no secret that consumers are looking to save money any way they can these days. With persistently high inflation and a mixed economic picture, bargain shopping has been the go-to. Luckily, for our newest Best Dividend Stocks Model Portfolio pick, bargain shopping has been its mantra for decades. And investors have profited for decades as well – with many years under its belt of steady dividend payments, including its latest 10%+ increase!
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
The win for our pick is the fact that it operates in the world of closeout merchandise. Our pick buys home and fashion merchandise on the cheap from other retail stores and then quickly sells it to consumers at a discount.
Because of the ever-changing nature of its product mix, our pick is e-commerce proof, which causes consumers to return to its stores again and again. This has led to a “cult-like” following by its fans with plenty of social media buzz and word-of-mouth attention.
Our pick has found ways to grow as well. It has been able to leverage its closeout strategy and apply it on sporting goods and outdoor items/apparel categories. At the same time, our pick has thrived during periods of recession, driving both cash flow and steady dividends to its investors.
All in all, our pick’s niche market is a lucrative one, and investors should buy the stock for bargain mania!
In order to make room for our new retail pick, we’ve been forced to remove a networking-focused technology firm.
