Target Boosts Dividend By 1.9%
Portfolio Pulse from Shivani Kumaresan
Target Corp (NYSE:TGT) has declared a quarterly dividend of $1.10 per common share, a 1.9% increase from the prior dividend of $1.08. The dividend is payable on September 10, 2023, and marks the 52nd consecutive year of annual dividend increases.
June 15, 2023 | 12:17 pm
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Target's quarterly dividend increases by 1.9% to $1.10 per share, marking the 52nd consecutive year of annual dividend increases.
The increase in Target's dividend is a positive signal for investors, as it demonstrates the company's commitment to returning value to shareholders. This news, combined with the stock trading higher in premarket, suggests a short-term positive impact on the stock price.
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