SBUX - 3 Dividend Stocks to Buy Hand Over Fist
2023-06-20 05:07:00 ET
Dividend stocks are always popular for the passive income they provide. However, not all dividend stocks are created equal. Right now, I recommend Costco Wholesale (NASDAQ: COST) , Starbucks (NASDAQ: SBUX) , and Williams-Sonoma (NYSE: WSM) as three dividend payers to buy hand over fist. Here's why.
Costco has soundly beaten the S&P 500 over its years on the market. Its membership model generates customer loyalty, and its low prices drive high sales volume. Even now, when sales growth has come to a trickle, its membership metrics tell a different story. In its fiscal third quarter, which ended May 7, its membership increased 7% year over year though sales only increased by 1.9%. Also, membership renewals were at record rates: 92.5% in the U.S. and Canada, and 90% globally.
The warehouse chain is experiencing the same pressures as most other retailers, but it's likely to bounce back.
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3 Dividend Stocks to Buy Hand Over Fist