Coca-Cola Is a Rock-Solid Dividend King, but So Is This Dirt Cheap Stock
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Coca-Cola has raised its dividend for 62 consecutive years and is considered a safe passive income play. However, Target, a dirt cheap stock that has fallen 13% in the past three months, may be an even better Dividend King to buy now. Target reached an all-time high in 2021 but overestimated demand trends, leading to challenges with inventory management. The company has since reduced its inventory and improved its operating margin. However, Target is still vulnerable to consumer behavior trends, particularly on discretionary purchases. Despite this, Target offers a high dividend yield and a low price-to-earnings ratio, making it a good value compared to the S&P 500. Investors are also incentivized to hold Target through this challenging time with its record payout and consistent dividend increases. The article suggests that Target is worth considering for long-term investors.

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https://emeatribune.com/coca-cola-is-a-rock-solid-dividend-king-but-so-is-this-dirt-cheap-stock-thats-down-13-in-the-past-3-months/