If you're an income investor, you may have heard tales of mighty companies that have raised their payouts no matter the economic cycle. Target (NYSE: TGT), Coca-Cola (NYSE: KO), Kimberly-Clark (NYSE: KMB), AbbVie (NYSE: ABBV), Altria (NYSE: MO), Stanley Black & Decker (NYSE: SWK), and 3M (NYSE: MMM) are the seven companies that stand alone on the throne of large-cap Dividend Kings with a yield over 3%.
Zacks.com users have recently been watching Target (TGT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
If you are looking for dividend stocks that can provide both steady income and growth potential, you might want to consider Target (NYSE: TGT) and Leggett & Platt (NYSE: LEG). Target is a leading retailer in the U.S., with more than 2,000 stores, a loyal customer base, and a rich operating history that dates back to 1902. As a result, Target's shares currently trade at 16.9 times forward earnings, which is an attractive valuation for a high-quality dividend stock.