Monday morning, Dollar Tree (DLTR) announced that they would acquire Family Dollar (FDO) in order to form one of the largest discount retailers across the U.S. and Canada, with over 13,000 stores. Dollar Tree, which will continue to operate the Family Dollar brand, is paying $8.5 billion in cash and stock for the discount retailer.
Family Dollar is one of 54 Dividend Aristocrats, having increased dividends for 38 years. For dividend investors though, owning Dollar Tree will be a disappointment
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