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Dividend Growth, Buybacks, and 20% Upside

Dividend Growth, Buybacks, and 20% Upside

Kroger Today

The Kroger Co. stock logo
$68.38 +1.15 (+1.71%)

As of 03:59 PM Eastern

52-Week Range
$54.51

â–¼

$74.90

Dividend Yield
2.05%

P/E Ratio
18.63

Price Target
$70.58

Kroger’s NYSE: KR share price started pulling back in late August, opening another buy-the-dip opportunity in a high-quality, undervalued, dividend growth stock. Now that the Q2 results have been released, the sell-off is over, and the time to start buying its stock is back. Kroger’s results affirm its market-leading position, strength relative to competitors, and healthy cash flow, which allows for dividends and share buybacks.

Share buybacks are central to the story, as this company…

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