Many think the death of malls will spell the end of this company, but they are ignoring the company's new sales. The North Face jackets. Timberland boots. SmartWool socks. Vans shoes. What do all of these have in common? channel and outsized dividend yield.
They are all products owned by VFCorporation (NYSE:VFC), and combined with other outdoor and action products, they brought in over $7.5 billion in sales last year. The company is a clothing conglomerate with a bevy of steady and reliable brands. And yet, over the past 18 months, Wall Street has hated this stock. Shares have underperformed the S&P 500 by 38 percentage points. While that's discouraging, it also presents a unique opportunity: the chance to buy a safe and growing dividend that's now yielding over 3%.
Source: Motley Fool
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