Dividend Aristocrats, companies that have raised dividends for 25 consecutive years, are crucial for investors seeking stability and income. The article highlights the growing market focus on defensive stocks amidst volatility, suggesting they serve as safe havens for income. Target (TGT) is showcased as a prime example, having consistently increased dividends and offering a current yield approaching 4.7%. Investors are encouraged to consider such stocks for balance in their portfolio as they navigate uncertainties in the market.
The company traditionally announces its annual dividend increase in March, and last year, Target raised its quarterly dividend by 1.8% to $1.12 per share.
These Dividend Aristocrat stocks are likely to expand their payouts even more in June, demonstrating fiscal responsibility and commitment to their shareholders.
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