Still My Favorite Income Stock...KrogerKR I hope some took my earlier posts about KR Kroger to heart (linked), because I truly believe this is a great stock to own in an income, long term portfolio. Recent dividend hike to .16 per share quarterly, plus the added capital gains from stock price action make this a profitable stock if you own in the 20's as I do. There is still room to run upward, and as the daily chart shows there was a breakout of downtrend resistance today. Attached a weekly shot below to get a better idea of the consolidation pattern and most recent support touch. In short, I like where this stock and this company are headed in the online grocery wars to come, and with an increasing dividend, now is the time to get in and forget you own it for a while. Happy hunting and GLTA!!
