By Robert Hauver
Is it possible for fashion and high dividend stocks to intersect? In the words, (or letters), of the acronym-obsessed, OMG!
Fashion-savvy investors searching for dividend stocks may be happy to discover that, with it’s 9.5%-plus current dividend yield, apparel licensor Cherokee has, by far, the highest dividend in it’s apparel peer group. CHKE just announced its 24th consecutive quarterly dividend, which they maintained at $.50, and has paid out over $125 million in dividends to shareholders since 2003. Their 5-year dividend growth rate is 46.14 %, vs. the industry average of only 3.29%.
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