25 Best Dividend Stocks to Buy According to Billionaires

20. The Kroger Co. (NYSE:KR)

Number of Billionaire Investors: 14

Dividend Yield as of March 3: 2.02%

The Kroger Co. (NYSE:KR) is an Ohio-based retail company that operates supermarkets and multi-department stores throughout the US. The company operates in the consumer defensive sector, providing stability to its business. During challenging economic periods, consumers may scale back on purchasing branded products like those offered by Coca-Cola and Kraft Heinz. However, they will continue shopping for essential groceries, ensuring a steady demand for staple items. In the past year, the stock has surged by nearly 28%.

The Kroger Co. (NYSE:KR) delivered strong third-quarter sales in 2024, fueled by robust performance in its pharmacy and digital divisions, showcasing the resilience and flexibility of its business model. Throughout the quarter, it expanded its customer base by providing exceptional value through competitive pricing, strategic promotions, and high-quality private-label offerings, all within an integrated shopping experience. Revenue for the period totaled $33.63 billion, reflecting a slight 0.95% decline from the previous year.

The Kroger Co. (NYSE:KR) is a solid dividend payer, having raised its payouts for 18 consecutive years. The company offers a quarterly dividend of $0.32 per share and has a dividend yield of 2.02%, as recorded on March 3.