Ysesterday, June 12th the Board of Directors of Target Corporation (TGT) announced a quarterly dividend increase of from $1.12 to $1.14 per share, that’s payable September 1, 2025 to holders of record August 13, 2025. This represents a 1.79% increase over the last quarterly dividend.
With the increase announced, 2025 is on track to be the 54th consecutive year in which Target has increased its annual dividend.
At the current price of $98.00 (tday's open), this increase will raise TGT's dividend yield to 4.65%.
Target Corporation is a Dividend Champions with a 57 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 1.8, 12.0, 11.3 and 8.9 (Dividend Champions.xls)
As an owner of 115 shares of Target Corporation, the recent dividend increase adds $6.85 to my projected annual net dividend income.
The increase was the same, two cents, as a year ago. However, I was expecting an increase of about 4%, so this was a bit of a disappointment.
This recent dividend increase marks the 11th consecutive raise I've received from Target since I initiated my first shares in June 2014. Over that time, TGT's quarterly dividend has risen quite comfortably from $0.52 to $1.14 per share, representing a total increase of 119%.
The moment of writing, TGT’s weight of my portfolio is about 1.40% and its share of future annual dividend income is approximately 1.50%.
Following this increase, my yield on cost is 7.76%.
Summary of 2025 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long TGT
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