Why Macy’s (M) Remains a Strong Pick Among Retail Dividend Stocks

Macy’s, Inc. (NYSE:M) is included among the 12 Best Retail Dividend Stocks to Buy Now.

Why Macy’s (M) Remains a Strong Pick Among Retail Dividend Stocks

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Macy’s, Inc. (NYSE:M) stands among the top retailers in the US, running its business under the Macy’s, Bloomingdale’s, and Bluemercury names. The company offers clothing, accessories, beauty products, and home essentials through roughly 680 stores as well as its online channels.

In recent years, Macy’s, Inc. (NYSE:M) has concentrated on upgrading its stores, strengthening its online marketplace, and expanding its luxury offerings. Its key priorities include creating a smooth connection between digital and in-store shopping, adjusting its store footprint to match demand, building unique private-label brands, and keeping costs under control in an increasingly competitive retail landscape.

Macy’s, Inc. (NYSE:M) is among the best dividend stocks in the retail sector as the company has been growing its payouts for four consecutive years. The company currently pays a quarterly dividend of $0.1824 per share and has a dividend yield of 4.32%, as of September 22.

While we acknowledge the potential of M as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than M and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.