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 data by GuruFocus.com
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
Morningstar:
(****)
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%.
Click here
to see my portfolio.
Full
Disclosure: Long TGT
Det ser ut att vara ett bra köp! Man kanske ska passa på att utöka sitt innehav i Target. Trevlig utdelningshöjning!
ReplyDeleteHej
DeleteTack. Jag tror att TGT är ett bra köp på dessa priser under lång tid utdelningsportföljen. Möjligen knackade under sommaren mer om och när marknaden kommer att falla.
Tack för din kommentar och för ditt besök!
DH
Mitt val var för mitt senaste inköp var främst mellan TGT och KMI. Det blev den senare den här gången.
DeleteMvh,
Frihetsfonden
Nice addition! IT is in my portfolio too and also want to add more after the nice dividend raise from yesterday
ReplyDeleteHello
DeleteProbably the market will give it a good opportunity for the next few weeks / months.
Thanks for stopping by!
DH
DH,
ReplyDeleteNice purchase there! And what a dividend raise. You got in at just the right time, as I think there's still a lot of value here. I can't really buy any more myself, but this is a great buy right now.
Best wishes!
Hi Jason
DeleteI made the acquisition after the announcement of a dividend increase, so there is no way that the timing was good :) However, I believe that the dividend will grow also in the future.
Thanks for stopping by!
DH
Quite a few people are picking up TGT this month. Good time to pick it up after the market dip! I will probably start my position in it next year when their Canadian expansion gets back on track.
ReplyDeleteGood Day and Grind On!
Hi A-G
DeleteI hope TGT gets things sorted out quickly in Canada.
Have a good weekend!
DH
I like TGT at current levels. We also bought some more shares recently for our family's dividend stock portfolio. Thinking of adding more after hearing about the roughly 20% dividend increase they just announced for TGT!
ReplyDeleteWishing you continued success in your journey! AFFJ
Hi AFFJ
DeleteThanks for stopping by!
DH
Just started a position myself this week. The recent dividend increase was for me enough to finally make the decision!
ReplyDeleteBest,
DW
Hi DW
DeleteWelcome to the ranks of the owners. :)
DH
A solid holding. Target is looking a little expensive to me at the moment (like much of the dividend paying stocks), but with a long term outlook that shouldnt matter too much
ReplyDeleteI just wanted to add a comment to mention thanks for your post. This post is really interesting and quite helpful for us. Keep sharing.
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