Why Target Stock Is Rising Today
Portfolio Pulse from Ryan Gustafson
Target Corporation (NYSE:TGT) shares are trading up after the company announced a 1.9% increase in its quarterly dividend to $1.10 per common share, marking the 52nd consecutive year of annual dividend increases.

June 15, 2023 | 6:48 pm
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Target's stock price is rising after the company announced a 1.9% increase in its quarterly dividend to $1.10 per share, marking the 52nd consecutive year of annual dividend increases.
Target's announcement of a 1.9% increase in its quarterly dividend to $1.10 per share is a positive signal for investors, as it demonstrates the company's commitment to returning value to shareholders. This marks the 52nd consecutive year of annual dividend increases, showcasing Target's financial stability and consistent growth. As a result, the stock price is likely to rise in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100