Down Over 22% in a Single Day, Is This Dividend King a Buy Now?

Target (TGT 4.42%) stock fell 22% on Nov. 20 after the retailer delivered worse-than-expected results for its fiscal 2024 third quarter (ended Nov. 2) and cut its fourth-quarter guidance.That slump in share price pushed its yield from around 2.8% to as high as 3.7% in the past week. Better still, with 53 consecutive years of dividend raises, Target is a Dividend King -- an elite distinction awarded to those rare companies that have raised their dividends for at least 50 consecutive years. But is Target a bu ...