Today June 13, the Board of Directors of Target Corporation announced a quarterly dividend increase of from $ 0.64 to $ 0.66 per ordinary share that’s payable September 10, 2019 to holders of record August 21, 2019. This represents a 3.13% increase to regular quarterly dividends.
The 3rd quarter dividend will be the company's 208th
consecutive dividend paid since October 1967 when the company became publicly
held. With the increase announced today,
2019 is expected to be the 48th consecutive year in which Target has increased
its annual dividend.
With current price $ 88.46 (today's open), this raise
brings their dividend yield to 2.98 %.
Since I own 115 shares of TGT, this will increase my
portfolio's projected annual net dividend income by $ 6.85.
This increase raises my YOC to 4.49%.
Summary of 2019 Dividend Increases / Cuts
No.
|
Ticker
|
Increase %
|
Net Increase
|
Net Increase
|
No.
|
Ticker
|
Increase %
|
Net Increase
|
Net Increase
|
€
|
$
|
€
|
$
|
||||||
1
|
TSX:CU
|
7.48%
|
8.14
|
9.93
|
2
|
O
|
2.04%
|
3.00
|
3.42
|
3
|
OKE
|
0.58%
|
0.65
|
0.75
|
4
|
WEC
|
6.79%
|
1.47
|
1.68
|
5
|
KMB
|
3.00%
|
1.02
|
1.16
|
6
|
INTC
|
5.00%
|
15.81
|
17.88
|
7
|
TELIA1
|
2.61%
|
13.00
|
14.82
|
8
|
NCC
|
-50.00%
|
-86.22
|
-98.61
|
9
|
CVX
|
6.25%
|
10.90
|
12.52
|
10
|
UPM
|
13.04%
|
122.93
|
140.95
|
11
|
GILD
|
10.53%
|
5.47
|
6.26
|
12
|
ADM
|
4.48%
|
3.33
|
3.80
|
13
|
MMM
|
5.88%
|
1.25
|
1.43
|
14
|
BIP
|
6.91%
|
0,77
|
0,87
|
15
|
NESTE
|
34.12%
|
172.84
|
196.45
|
16
|
ORNBV
|
3.45%
|
11.17
|
12.70
|
17
|
KESKOB
|
6.36%
|
10.43
|
11.85
|
18
|
SAMPO
|
9.62%
|
28.86
|
32.77
|
19
|
TSX:BCE
|
4.97%
|
7.79
|
8.84
|
20
|
TEL2
|
10.00%
|
6.42
|
7.24
|
21
|
TROW
|
8.57%
|
8.72
|
9.83
|
22
|
SKT
|
1.43%
|
1.98
|
2.24
|
23
|
CSCO
|
6.06%
|
9.76
|
11.03
|
24
|
PEP
|
2.96%
|
7.25
|
8.19
|
25
|
KO
|
2,56%
|
3.94
|
4.47
|
26
|
KHC
|
-36.00%
|
-59.14
|
-67.05
|
27
|
DLR
|
6.93%
|
22.08
|
25.03
|
28
|
MGA
|
10.61%
|
4.60
|
5.22
|
29
|
TSX:RY
|
4.08%
|
9.60
|
10.89
|
30
|
TSX:BNS
|
2.35%
|
6.16
|
7.02
|
31
|
ETN
|
7.58%
|
3.93
|
4.47
|
32
|
MAIN
|
2.56%
|
3.93
|
4.47
|
33
|
TSX:CM
|
2.94%
|
1.19
|
1.36
|
34
|
TSX:TD
|
10.45%
|
25.07
|
28.51
|
35
|
O
|
0.22%
|
0.34
|
0.38
|
36
|
WPC
|
0.19%
|
0.37
|
0.42
|
37
|
WSM
|
11.63%
|
5.87
|
6.71
|
38
|
KMI
|
25.00%
|
26.38
|
29.80
|
39
|
UNA:AS
|
5.99%
|
5.53
|
6.21
|
40
|
OKE
|
0.58%
|
0.66
|
0.75
|
41
|
LAZ
|
6.82%
|
8.01
|
8.94
|
42
|
JNJ
|
5.56%
|
8.03
|
8.94
|
43
|
MAIN
|
2.50%
|
1.73
|
1.94
|
44
|
BAX
|
15.79%
|
4.80
|
5.36
|
45
|
CAH
|
1.01%
|
0.73
|
0.82
|
46
|
TSX:T
|
3.21%
|
6.21
|
6.96
|
47
|
AQN
|
9.98%
|
17.04
|
19.07
|
48
|
FLO
|
5.56%
|
4.96
|
5.51
|
49
|
O
|
0.22%
|
0.34
|
0.38
|
50
|
TGT
|
3.13%
|
6.08
|
6.85
|
TOTAL
|
€458.16
|
$551.42
|
Increases
have been reported by deducting a 25.5% capital income tax.
Full Disclosure: Long TGT
Thanks for stopping by!
Hawk -
ReplyDeleteKnew it was coming in at 2 cents! Almost at the 50 year consecutive mark, excited.
-Lanny