Yesterday,
June 12th the Board of Directors of Target Corporation (TGT)
announced
a quarterly dividend increase of from $1.10 to $1.12 per share that’s
payable that’s payable September 10, 2024 to holders of record
August 21, 2024. This represents a 1.82% increase over the last
quarterly dividend.
The 3rd quarter dividend will be the
company's 228th consecutive dividend paid since October 1967 when the
company became publicly held. With the increase announced today,
2024 is on track to be the 53rd consecutive year in which Target has
increased its annual dividend.
With current price $147.09 (today's
open), this raise brings their dividend yield to 3.05%.