From The Motley Fool · Lawrence Rothman, CFA · · 50s
Kroger Dividend Stock for November Crashes
Kroger's steady dividend and food retail strength could calm investor fears if the stock market crashes in November.
In brief
Kroger's steady dividend and food retail strength could calm investor fears if the stock market crashes in November. Kroger's 2.16% dividend yield and 143-year history make it resilient during market crashes. Originally reported by The Motley Fool.
Market Crash Fear
Investors worry about a stock market crash in November due to Iran war, high energy prices, and rising interest rates.
Kroger's Strength
Kroger, a 143-year-old supermarket chain with 2,700 stores, holds up well during economic downturns.
Dividend Commitment
Kroger increased its quarterly dividend by 11.4% to $0.39 per share, making it the 20th year with a dividend hike.
Market Resilience
Kroger's 2.16% dividend yield beats the S&P 500's 1.1% and its sales grew 0.2% in Q2 despite economic pressures.
The big picture
Kroger's 2.16% dividend yield and 143-year history make it resilient during market crashes.
