Target Corporation Declares Regular Quarterly Dividend

Target Corporation (NYSE:TGT) has announced a quarterly dividend of $1.08 per common share, payable on June 10, 2023 to shareholders of record by May 17, 2023.

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Target Corporation (NYSE:TGT) has announced a quarterly dividend of $1.08 per common share, payable on June 10, 2023 to shareholders of record by May 17, 2023. This marks the company's 223rd consecutive dividend payment since going public in October 1967. Target continues its long-standing commitment to returning value to shareholders while serving guests through nearly 2,000 stores and online at Target.com.

Positive

Quarterly dividend of $1.08 per share enhances shareholder income.
223 consecutive dividend payments demonstrate financial stability and commitment to shareholder returns.

Negative

None.

Argus Publication session

-1.76% session move Open Argus

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News Market Reaction – TGT

In the trading session that priced this news, TGT declined 1.76%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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03/09/2023 - 06:30 AM

MINNEAPOLIS, March 9, 2023 /PRNewswire/ -- The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of $1.08 per common share. The dividend is payable June 10, 2023 to shareholders of record at the close of business May 17, 2023. The 2nd quarter dividend will be the company's 223rd consecutive dividend paid since October 1967 when the company became publicly held.

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 and by following @TargetNews.