Williams-Sonoma, Inc. (NYSE:WSM) is included among the 11 Best Income Stocks to Buy According to Hedge Funds.
An interior of a modern home with a wide selection of cookware, tools and cutlery on display.
Williams-Sonoma, Inc. (NYSE:WSM) is an American retailer known for its portfolio of upscale home goods brands, including Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, and Rejuvenation.
Despite a challenging retail environment and slower sales, Williams-Sonoma, Inc. (NYSE:WSM) has continued to perform well under the leadership of CEO Laura Alber. It has preserved strong profit margins by sticking to a full-price strategy, managing inventory effectively, and optimizing its store footprint. The company is also expanding its presence through business-to-business initiatives and by growing Rejuvenation, a lighting brand it acquired in 2011, with the goal of turning it into a $1 billion business.
On June 12, Williams-Sonoma, Inc. (NYSE:WSM) declared a quarterly dividend of $0.66 per share, which was in line with its previous dividend. It is among the best dividend stocks for consistent income as the company has raised its payouts for 16 consecutive years. As of July 31, the stock has a dividend yield of 1.41%.
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