Dividend Growth, Buybacks, and 20% Upside
Kroger Today
$68.38 +1.15 (+1.71%)
As of 03:59 PM Eastern
This is a fair market value price provided by Polygon.io. Learn more.
- 52-Week Range
- $54.51
▼
$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…
