M

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Macy's (M) have what it takes?

Macy's is once again facing the threat of a rival retail brand advertising right in front of its flagship store in Manhattan.

Macy's NYSE: M executives told investors at the Goldman Sachs Global Consumer and Retail Conference that the company's “A Bold New Chapter” strategy is producing sales growth, improved customer-service metrics and progress across its Macy's, Bloomingdale's and Bluemercury banners.

Macy's, Inc. (M) Presents at Goldman Sachs Global Consumer and Retail Conference Transcript

M raises its 2026 outlook after stronger Q2 results, but heavier Q3 investment and soft earnings guidance keep near-term risks in focus.

M trades below industry and market valuations as stronger Q2 execution and raised guidance support the stock, despite soft second-half expectations.

M's Q2 earnings and sales beat estimates and the company raises its fiscal 2026 outlook, yet shares fall 4.7% as investors weigh a Q3 loss and softer comps.

Macy's, Inc. (M) Q2 2026 Earnings Call Transcript

The post-earnings pullback may be worth a closer look for income investors, particularly as Macy's turnaround gains traction and its roughly 3.5% dividend yield appears increasingly well supported.

Adding higher-priced products and catering to middle- and high-income consumers helped drive sales growth across the Macy's, Inc. brands in the second quarter, executives said Thursday (Sept. 10) during an earnings call.