I am a long term buy and hold investor who focuses on dividend growth stocks
The Kroger Co. (KR) operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Kroger is a dividend achiever, which hiked quarterly dividends by 11.50% to 29 cents/share in June 2023. This marked the 17th consecutive year of annual dividend increases for the company. During the past decade, Kroger has managed to grow dividends at an annualized rate of 14.30%.
Kroger's financial strategy is to use its free cash flow to drive growth while also maintaining its current investment grade debt rating and returning capital to shareholders. The company actively balances the use of its cash flow to achieve these goals.
The DIV-Net