
Company Overview - Target is a big-box retailer with a diverse product range, competing primarily with Walmart, and has a history of 58 consecutive annual dividend increases [2] - Realty Income is a net lease REIT focused on single-tenant retail properties, with almost 75% of its rent roll from this segment, and has increased its dividend for 30 consecutive years [4][5] Stock Performance - Target's share price has decreased by 65% from its 2021 peak, while Realty Income's stock is down approximately 24% from its 2020 high [1] - Both companies are currently offering dividend yields near their highest levels in a decade, with Target's yield at around 4.6% and Realty Income's at 5.6% [7][8] Dividend Analysis - Target has an annualized dividend growth rate of roughly 8% over the past decade, compared to Realty Income's 3% [9] - Investors focused on maximizing income may prefer Realty Income due to its higher yield, while those interested in dividend growth may favor Target [7][9] Business Model Comparison - Target's performance is closely tied to consumer sentiment, making it more volatile and susceptible to market trends [10] - Realty Income's diversified tenant base provides stability, as retailers must pay rent to occupy properties, reducing the risk of significant swings in income [11] Investment Considerations - For conservative dividend investors, Realty Income's higher yield and stable business model may be more attractive [12]