Dividend Aristocrat Target raises dividend for 47th year

Target Corporation (TGT) will raise its quarterly dividend to $0.64 per share in 2018. This marks the 47th consecutive year of dividend increases by this Dividend Aristocrat.

The dividend is payable Sept. 10, 2018 to shareholders of record at the close of business August 15, 2018. Based on the new annual dividend of $2.56 per share the yield for TGT is 3.1%.

The 3rd quarter dividend will be the company's 204th consecutive dividend paid since October 1967 when the company became publicly held. With the increase announced today, 2018 is expected to be the 47th consecutive year in which Target has increased its annual dividend.

Minneapolis-based Target Corporation is a general merchandise retailer selling products through its stores and digital channels.  As of January 28, 2017, the Company had 1,802 stores across the United States, including 1,535 owned stores, 107 leased stores and 160 owned buildings on leased land.

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