Four Dividend-Paying Retail Technology Stocks to Buy, Based on BoA Analysis

The four dividend-paying retail technology stocks to buy towered over the rest at a BoA Global Research Consumer & Retail Technology Conference on March 9-11 with companies gaining strength after thriving during the pandemic planning to keep growing market share. Rivals that struggled in 2020 due to macro trends expressed optimism about the economic recovery boosting their prospects, according to BoA. Four Dividend-paying Retail Technology Stocks to Buy...

Founded in 1946, Lowe’s Companies (NYSE:LOW) is a home improvement retailer headquartered in Mooresville, North Carolina, with 1,970 stores in the United States and Canada. The company’s dividend yield of 1.3% is supplemented by its growing stock price. Floor & Décor (FND), founded during 2000 in Smyrna, Georgia, carries major categories of hard flooring that include tile, wood, laminate and stone, along with decorative items and accessories. The company had 133 stores at year-end 2020 and plans to expand to 400+ stores for the long term, so it is pumping money into its growth rather than paying dividends to its shareholders. Atlanta-based PROG Holdings (PRG) is the market leader in the virtual lease-to-own (LTO) industry. PRG partners with retailers to offer LTO as a financing option at checkout. Brentwood, Tennessee-based Tractor Supply (NASDAQ:TSCO) is the largest domestic operator of retail farm and ranch stores, with 2020 revenues of $11.1 billion. The dividend-paying company currently operates more than 1,900 stores, including 180 PetSense locations.

Source: DividendInvestor

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