Target Corporation Increases Quarterly Dividend by 1.8 Percent

Rhea-AI Summary

The board of directors of Target (NYSE: TGT) announced a quarterly dividend increase of 1.8%, up from $1.10 to $1.12 per common share. This dividend will be payable on September 10, 2024, to shareholders recorded by the end of business on August 21, 2024. This marks the 228th consecutive dividend since Target went public in October 1967 and the 53rd consecutive year of annual dividend increases.

Positive

• Quarterly dividend increase to $1.12 per share, a growth of 1.8%.
• Dividend payable on September 10, 2024, indicating ongoing profitability.
• 228th consecutive dividend since becoming a public company in 1967.
• 53 consecutive years of annual dividend increases, showcasing a strong history of shareholder returns.

Negative

• Percentage increase in the dividend is relatively modest at 1.8%, which may not significantly impact investor returns.

MINNEAPOLIS, June 12, 2024 /PRNewswire/ -- The board of directors of Target Corporation (NYSE: TGT) has declared a quarterly dividend of $1.12 per common share, a 1.8% increase from the prior quarterly dividend of $1.10.  The dividend is payable Sept. 10, 2024 to shareholders of record at the close of business August 21, 2024.  The 3rd quarter dividend will be the company's 228th consecutive dividend paid since October 1967 when the company became publicly held.  With the increase announced today, 2024 is on track to be the 53rd consecutive year in which Target has increased its annual dividend.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at nearly 2,000 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. Additional company information can be found by visiting the corporate website and press center.

 

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SOURCE Target Corporation

FAQ

What is the new quarterly dividend declared by Target ?

The new quarterly dividend declared by Target is $1.12 per common share.

When is the dividend payable?

The dividend is payable on September 10, 2024.

Who is eligible to receive the dividend?

Shareholders of record at the close of business on August 21, 2024, are eligible to receive the dividend.

How many consecutive dividends has Target paid?

Target has paid 228 consecutive dividends since October 1967.

How many years has Target increased its annual dividend?

Target has increased its annual dividend for 53 consecutive years.