Dividend Increase – Target Corporation (TGT)

Yesterday the Board of Directors of Target Corporation announced a quarterly dividend increase of from $ 0.60 to $ 0.62 per share that’s payable September 10, 2017 to holders of record August 16 , 2017. This represents a 3.33% increase to regular quarterly dividends. With current price $ 57.50 (yesterdays open), this raise brings their dividend yield to 4.31%. 

The 3rd quarter dividend will be the company’s 200th consecutive dividend paid since October 1967 when the company became publicly held. With the increase announced today, 2017 is expected to be the 46th consecutive year in which Target has increased its annual dividend. 

Since I own 115 shares, this will increase my portfolio's projected annual net dividend income by $ 6.85.

That increase rises my YOC to 4.22%.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

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