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It’s no secret that retail is getting even more cutthroat as online shopping and e-commerce have taken hold. The retail landscape is littered with failed businesses, liquidation sales, bankruptcies and empty storefronts. Only the strong are surviving. It takes a certain type of retailer that understands how the landscape is changing and moves to meet that challenge.

And that includes our Best Dividend Stocks List pick in the sector.

Our pick was once directly in the crosshairs of larger online rivals. Revenues were declining, profits were eroding, and the firm looked like it was going to be the next casualty in a long line of retail names. However, after an aggressive turnaround plan, our pick is proving that it has the right omnichannel muscle to compete against online rivals.

This includes offering a hefty amount of customer-oriented services “that can’t be disrupted by a cardboard box.”

Our pick has continued its expansion efforts to become not only a place to shop, but a place to get help with the ever increasing number of complex products. This includes going after older Baby Boomer Americans struggling to keep up with the latest devices as well as being a leader in the digital health market.

All of this has continued to benefit investors as shares of our pick have continued to see cash flows, sales and, more importantly, dividends rise over the last few years. And the growth should continue as our pick moves heavily into offering more reputable services.

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

  1. Continues to see higher revenue from both online and in-store sales as it rolls out new customer service initiatives.
  2. Produced nearly $40 billion in revenues last year and $1.7 billion in non-GAAP operating income last fiscal year.
  3. Has made several M&A moves to engage aging Baby Boomers and their need for help.
  4. Thanks to increasing cash flows and the lower tax rate, our pick managed to increase its quarterly dividend by more than 30% at the beginning of this year.
  5. Healthy payout ratio of 35% and increasing yield of 2.48%.

Check out our original pick here.

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