Five dividend-paying retailers that haven’t jumped on the e-commerce bandwagon Published December 10, 2020
Long-term dividend sustainability from retailers with sound prospects yet overwhelmingly dependent on in-store shopping.
The screen
Canada’s
Dollarama Inc. surprised some investors this week with its plan to hike its dividend despite COVID-19′s impact on in-store shopping.
While the discount retailer’s stores have largely stayed open during the pandemic, with restrictions such as limits on store capacity, other chains equally dependent on their bricks-and-mortar outlets have shuttered them under lockdown orders. Regardless, prospects for a select group of these retailers – each with a strong business model – remain solid. That bodes well for their dividends.