Yesterday the Board of Directors of Target Corporation announced a quarterly dividend increase of from $0.52 to $0.56 per share that’s payable September 10, 2015 to holders of record August 19, 2015. This represents a 7.7% increase to regular quarterly dividends. Target Corporation has paid consecutive quarterly cash dividends since 1967, and 2015 marks the company's 44th consecutive annual dividend increase. With current price $78.89 (Yesterday's close), this raise brings their dividend yield to 2.84%.
Since I own 100 shares, this will increase my portfolio's projected annual net dividend income by $11.92.
That increase rises my YOC to 3.90%.
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You can follow the development of my dividends here.