The U.S. stock market has struggled this year, with the S&P 500 Index ($SPX) down nearly 5% year-to-date. As fears grow that President Donald Trump’s tariff-induced trade war will lead to a recession, investors are flocking to safe-haven assets. Dividend stocks are one example of a safe investment. Dividend Kings, in particular, have a history of not only paying, but increasing dividends for 50 years in a row. Earning this title also reflects the stability of their business, without which these companies would be unable to pay consistent dividends.
Target (TGT), a consumer giant, is one such Dividend King who could provide some stability during these turbulent times. Target is a well-known American retailer that sells a wide variety of items such as clothing, home goods, electronics, and groceries. Target has earned this title by increasing its dividend for the previous 53 years in a row.
