Yesterday, June 9th the Board of Directors of Target
Corporation (TGT) announced
a quarterly dividend increase of from $ 0.90 to $ 1.08 per share that’s payable
that’s payable September 10, 2022 to holders of record August 16, 2022. This
represents a 20.0% increase over the last quarterly dividend.
The 3rd quarter dividend will be the company's 220th
consecutive dividend paid since October 1967 when the company became publicly
held. With the increase announced today, 2022 is on track to be the 51st
consecutive year in which Target has increased its annual dividend.
With current price $ 154.55 (yesterday's close), this raise
brings their dividend yield to 2.80%.