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Couple at Paint Store


Home Improvement Supplier with Improving Omni-Channel Presence Reaffirms Position on Best Dividend Stocks List

Alejandro Barreto Aug 22, 2018

Who says that retail is dying?

It turns out, some retailers are actually booming. And that includes our Best Dividend Stocks List pick in the sector. Even more impressive is that our retailer operates in one of the hardest hit sub-sectors of the entire market. That would be housing.

But you would have no idea that the housing market had any troubles at all, if you continue to look at our pick’s earnings.

Our chosen firm continues to benefit from moves to increase its omni-channel presence and offerings. By using its vast warehouse/store network and new online apps our pick continues to make the most of the new “bricks & clicks” environment. That’s shown up in its recent record-setting results for profits and revenues.

And our pick’s dominance in retail is only getting bigger.

Thanks to a growing economy and better prospects for the key Millennial demographic, home ownership continues to become actually obtainable for the group. That’s continued to push more Millennials into our pick’s stores. A key focus on courting these customers with in-house demos and specific high-tech home products – think smart thermostats and drills – has only strengthened our firm further.

For investors, all of this has translated into a mega-sized buyback program, huge dividend growth and out-sized returns. And our pick is only getting started.

To summarize, here are four reasons why you should own this stock:

  1. Huge operating footprint with more than $100 billion in revenues recorded in 2017.
  2. Winning the war in omni-channel retailing with the successful integration of store and online shopping options. This helped drive an 8.4% increase in recently reported sales.
  3. Steadily paid a dividend since its IPO, with well over 100 consecutive quarterly payouts.
  4. Healthy payout ratio of 43% and yield of 2.11%.

Click here to see our original take on the stock.

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