Retail Earnings Underway With Target, Walmart Results: Which Of These 5 Retail Stocks Offer Best Dividends? As we progress through the second quarter earnings season, many top retailers are reporting earnings this week. With first quarter earnings reportedly weak for many retailers due to large amounts of sitting inventory, companies such as Target Corporation (NYSE: TGT ) missed on Q2 earnings while meeting revenue predictions, and Walmart Inc (NYSE: WMT ) beat both EPS and revenue estimates for Q2. Meanwhile, Best Buy Co Inc (NYSE: BBY ) and many others will be looking to report stronger earnings this quarter as they push out excess inventory. If you''re looking for retail stocks to hedge against inflation risk or capture profits headed into the holiday season, a simple way to do this would be to invest in retail stocks offering dividends. Retail Dividend Stock #1: Altria Group Inc (NYSE: MO ) Dividend Yield: 7.95% Annual Dividend: $3.60 Frequency: Quarterly Sector: Consumer Staples Altria Group has a solid track record of increasing its dividends for 13 consecutive years and is composed of Philip Morris USA, U.S.