5 Best Consumer Cyclical Dividend Stocks To Invest In

In this article, we discuss 5 best consumer cyclical dividend stocks to invest in. If you want to read our detailed analysis of the consumer cyclical sector and its performance over the years, go directly to read 13 Best Consumer Cyclical Dividend Stocks To Invest In. 

6. The TJX Companies, Inc. (NYSE:TJX)

Number of Hedge Fund Holders: 62

The TJX Companies, Inc. (NYSE:TJX) is a leading off-price retailer and offers a wide range of brand-name and designer merchandise at discounted prices. The company’s off-price business model involves purchasing excess inventory, canceled orders, and closeout merchandise from manufacturers and other retailers at a discounted price, then selling these items to consumers at lower prices. The company currently pays a quarterly dividend of $0.3325 per share and has a dividend yield of 1.37%, as of February 21. It has been growing its dividends for the past 27 years. The company ranks sixth on our list of the best dividend stocks from the consumer cyclical sector.

As of Q4 2023, 62 hedge funds in Insider Monkey’s database reported having stakes in The TJX Companies, Inc. (NYSE:TJX), compared with 71 in the previous quarter. The consolidated value of these stakes is over $2.27 billion.