Target Corporation Declares Regular Quarterly Dividend

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

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Rhea-AI Summary

Target (NYSE:TGT) has announced its 229th consecutive quarterly dividend since going public in 1967. The board of directors has declared a dividend of $1.12 per common share, payable on December 10, 2024, to shareholders of record as of November 20, 2024. This announcement demonstrates Target's commitment to returning value to shareholders and maintaining its long-standing dividend policy.

Positive

Consistent dividend payments for 57 years, indicating financial stability
Quarterly dividend of $1.12 per share, providing income for shareholders

Negative

None.

News Market Reaction

+1.08%

1 alert

+1.08% News Effect

On the day this news was published, TGT gained 1.08%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

09/18/2024 - 06:30 AM

MINNEAPOLIS, Sept. 18, 2024 /PRNewswire/ -- The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of $1.12 per common share. The dividend is payable December 10, 2024 to shareholders of record at the close of business November 20, 2024. The 4th quarter dividend will be the company's 229th 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.