History Says Buying Target Stock at a 5% Dividend Yield Is a Good Move. But Is It?

The retail chain is struggling but it isn't without hope.Of all of the publicly traded companies that have ever been, relatively few have ever been able to pay and raise a dividend for at least 50 consecutive years. That's what it takes to become a Dividend King. And current dividend royalty includes retail chain Target (TGT 0.80%), which has paid and raised its dividend for 55 consecutive years.As of this writing, the dividend yield for Target stock is quite high at 4.9%. This means that for every $100 inv ...