Wednesday, June 23, 2021

7 Best Consumer Discretionary Sector Dividend Stocks

As a dividend growth investor, I focus on investing in stocks that pay ever-increasing dividends. I use Dividend Radar as my primary watch list of dividend growth stocks. 

Updated and published every Friday, Dividend Radar tracks stocks with dividend increase streaks of at least five years. You can download the latest copy (dated June 18, 2021) here. The newest list contains 762 stocks, 47 of which are in the Consumer Discretionary sector.

This article presents the seven top-ranked dividend growth stocks in the Consumer Discretionary sector. Only two of the stocks are discounted right now, though one is trading at about fair value.

The Consumer Discretionary sector contains companies that sell non-essential goods and services, including appliances, cars, entertainment, lodging, and media. 

Stocks in this sector are cyclical stocks closely tied to the ups and downs of the economy. When the economy is thriving, these stocks do well because unemployment is low and wages are increasing. In downturns, though, cyclical stocks tend to struggle as consumers are less confident about the future and adjust their spending habits accordingly.

To read this week's article please read this article at TheStreet.com.

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