Dividend Aristocrat Target increases dividend by 3.1 percent

Target Corporation (TGT) will raise its quarterly dividend by 3.1 percent to 66 cents per share in 2019. This marks the 48th consecutive year of dividend increases by this Dividend Aristocrat.

The dividend is payable Sept. 10, 2019 to shareholders of record at the close of business August 21, 2019.  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. Last year TGT hiked its dividend for the 47th year.

Minneapolis-based Target Corporation is a general merchandise retailer selling products through its stores and digital channels.  The company has more than 1800 stores across the United States, including 1,535 owned stores, 107 leased stores and 160 owned buildings on leased land.