11th June 2014 I Bought 100 shares of TGT at $57.25 per share plus commission.
Target Corporation operates general merchandise stores in the United States and Canada. It offers household essentials, including pharmacy, beauty, personal care, baby care, cleaning, and paper products; music, movies, books, computer software, sporting goods, and toys, as well as electronics that consist of video game hardware and software; apparel and accessories, such as apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes. The company also provides food and pet supplies, including dry grocery, dairy, frozen food, beverages, candy, snacks, deli, bakery, meat, produce, and pet supplies; and home furnishings and décor, such as furniture, lighting, kitchenware, small appliances, home décor, bed and bath, home improvement, automotive, and seasonal merchandise comprising patio furniture and holiday décor. In addition, it offers in-store amenities. The company distributes its merchandise through a network of distribution centers, as well as third parties and direct shipping from vendors. Further, it provides general merchandise through its Website, Target.com; and branded proprietary Target Debit Card and Target Credit Card. As of April 2, 2014, the company had 1,924 stores, including 1,797 in the United States and 127 in Canada. Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota.
TGT is a Dividend Champion with an 46 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 19.7, 23.4, 21.4 and 19.8. (DividendChampions.xls) After yesterday's declaration of a quarterly dividend (More here), Target now pays dividends of $0.52 per share in March, June, September and December.
TGT's earnings per share has moved steadily upwards, except a big dip in 2013.
Some ratings for TGT:
Yahoo: Mean Recommendation 2.9, 1y Target Est 59.33
Reuters: Mean Rating 2.81
My last purchase 100 shares of TGT increases €114.29 ($154.96) of expected annual dividend net income, which increases my portfolio projected annual dividend net income to €7287.21. With purchase price $57.25 plus commission my starting yield on cost is 3.62%.
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Full Disclosure: Long TGT