Target Corporation Increases Quarterly Dividend by 20 Percent

(Neutral)

Rhea-AI Summary

The board of directors of Target Corporation (NYSE: TGT) has announced a quarterly dividend of $1.08 per share, reflecting a 20% increase from the previous dividend of 90 cents. This dividend is payable on September 10, 2022, to shareholders recorded by August 17, 2022. This marks Target's 220th consecutive dividend since going public in October 1967 and positions the company for its 51st consecutive year of annual dividend growth.

Positive

20% increase in quarterly dividend to $1.08 per share.
220th consecutive dividend, showcasing reliability.
On track for the 51st consecutive year of dividend increases.

Negative

None.

News Market Reaction – TGT

-1.37%

-1.37% Session move

In the trading session that priced this news, TGT declined 1.37%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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06/09/2022 - 06:30 AM

MINNEAPOLIS, June 9, 2022 /PRNewswire/ -- The board of directors of Target Corporation (NYSE: TGT) has declared a quarterly dividend of $1.08 per common share, a 20% increase from the prior quarterly dividend of 90 cents. The dividend is payable Sept. 10, 2022 to shareholders of record at the close of business August 17, 2022. The 3rd quarter dividend will be the company's 220th consecutive dividend paid since October 1967 when the company became publicly held. With the increase announced today, 2022 is on track to be the 51st 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. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. For the latest store count or more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

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SOURCE Target Corporation

FAQ

What is the new dividend amount declared by TGT?

The new dividend amount declared by Target Corporation is $1.08 per share.

When will TGT's new dividend be paid?

The new dividend will be paid on September 10, 2022.

What is the date for TGT's record shareholders?

Shareholders must be recorded by August 17, 2022, to receive the dividend.

How long has TGT been paying dividends?

Target has been paying dividends since October 1967, marking its 220th consecutive dividend.

How many years has TGT increased its dividends?

Target is on track for its 51st consecutive year of increasing dividends.