Target Raises Dividend for 44th Year in a Row

Two weeks ago, I highlighted the big performance gap between Target ($TGT) and TJX Companies ($TJX). Even though Target’s stock hasn’t done much for a few years, the company just announced a 20% dividend increase. The company will now pay out 30 cents per share each quarter which works out to a yield of 2.56%. This is the 44th-consecutive year that Target has increased its dividend. The stock is now going for just under 10.5 times earnings.

Posted by on June 9th, 2011 at 9:07 am


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