Why Tapestry (TPR) is a Must-Buy Dividend Stock for Fashion-Focused Investors

Core Insights - Tapestry, Inc. (NYSE:TPR) is recognized as a must-buy dividend stock, appealing particularly to fashion-focused investors [2][4] Company Overview - Tapestry, Inc. is a New York-based fashion holding company, serving as the parent brand for Coach New York and Kate Spade, with each brand operating independently while leveraging shared resources [2] - Coach is identified as the main growth driver, contributing the largest share of total sales for the company [2] Strategic Focus - The company has centered its strategy on four key areas: effective brand portfolio management, strengthening its omni-channel approach, regional expansion, and driving product innovation [3] - These initiatives aim to enhance market presence, attract younger consumers (Millennials and Gen Z), and improve profitability through better margins and operational efficiency [3] Dividend Information - Tapestry declared a 14.3% increase in its quarterly dividend to $0.40 per share in August [4] - The company has a commendable 5-year dividend growth rate of over 16.5%, despite lacking a long-term dividend growth track record [4] - As of October 9, the stock has a dividend yield of 1.41% [4]