12 Best Retail Dividend Stocks to Buy Now

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6. The Kroger Co. (NYSE:KR)

Number of Hedge Fund Holders: 68

The Kroger Co. (NYSE:KR) may not get as much attention as high-growth technology names, but it stands as one of the largest grocery chains in the US, delivering steady earnings, rewarding shareholders, and serving as a vital part of the communities where it operates.

Few industries are as resilient as food retail. Even when consumers cut back on vacations or postpone major purchases, grocery spending remains a necessity. Today, The Kroger Co. (NYSE:KR) runs more than 2,700 stores nationwide under banners such as Fred Meyer, Ralphs, King Soopers, Harris Teeter, and its flagship Kroger brand. In addition, the company operates over 2,000 in-store pharmacies and around 1,500 fuel centers, giving it multiple sources of revenue beyond traditional grocery sales.

The Kroger Co. (NYSE:KR)’s dividend makes it an appealing choice for income investors. The company holds a 19-year track record of consistent dividend growth, which makes it one of the best dividend stocks in the retail sector. It pays a quarterly dividend of $0.35 per share and has a dividend yield of 2.17%, as of September 22.

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