Kroger’s (NYSE: KR) share price started pulling back in late August, opening another buy-the-dip opportunity in a high-quality, undervalued, dividend growth stock. Now that the Q2 results have been released, the sell-off is over, and the time to start buying its stock is back. Kroger’s results affirm its market-leading position, strength relative to competitors, and healthy cash flow, which allows for dividends and share buybacks.
Share buybacks are central to the story, as this company maintains a healthy balance sheet and aggressively reduces its share count. The dividend isn’t bad, either.
