Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials. It also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings. The company sells its products through its stores; and digital channels, including Target.com. As of March 09, 2022, the company operated approximately 2,000 stores. Target Corporation was incorporated in 1902 and is headquartered in Minneapolis, Minnesota.
Target Dividend Announcement
• Target announced a quarterly dividend of $1.12 per ordinary share which will be made payable on 2024-12-10. Ex dividend date: 2024-11-20
• Target annual dividend for 2024 was $4.44
• Target annual dividend for 2023 was $4.36
• Target's trailing twelve-month (TTM) dividend yield is 3.3%
• Target's payout ratio for the trailing twelve months (TTM) is 46.70%
• Target's dividend growth over the last five years (2018-2023) was 11.59% year
• Target's dividend growth over the last ten years (2013-2023) was 10.68% year
Target Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-20 | $1.12 | quarterly | 2024-12-10 |
2024-08-21 | $1.12 | quarterly | 2024-09-10 |
2024-05-14 | $1.10 | quarterly | 2024-06-10 |
2024-02-20 | $1.10 | quarterly | 2024-03-10 |
2023-11-14 | $1.10 | quarterly | 2023-12-10 |
2023-08-15 | $1.10 | quarterly | 2023-09-10 |
2023-05-16 | $1.08 | quarterly | 2023-06-10 |
2023-02-14 | $1.08 | quarterly | 2023-03-10 |
2022-11-15 | $1.08 | quarterly | 2022-12-10 |
2022-08-16 | $1.08 | quarterly | 2022-09-10 |
2022-05-17 | $0.90 | quarterly | 2022-06-10 |
2022-02-15 | $0.90 | quarterly | 2022-03-10 |
2021-11-16 | $0.90 | quarterly | 2021-12-10 |
2021-08-17 | $0.90 | quarterly | 2021-09-10 |
2021-05-18 | $0.68 | quarterly | 2021-06-10 |
2021-02-16 | $0.68 | quarterly | 2021-03-10 |
2020-11-17 | $0.68 | quarterly | 2020-12-10 |
2020-08-18 | $0.68 | quarterly | 2020-09-10 |
2020-05-19 | $0.66 | quarterly | 2020-06-10 |
2020-02-18 | $0.66 | quarterly | 2020-03-10 |
2019-11-19 | $0.66 | quarterly | 2019-12-10 |
2019-08-20 | $0.66 | quarterly | 2019-09-10 |
2019-05-14 | $0.64 | quarterly | 2019-06-10 |
2019-02-19 | $0.64 | quarterly | 2019-03-10 |
2018-11-20 | $0.64 | quarterly | 2018-12-10 |
2018-08-14 | $0.64 | quarterly | 2018-09-10 |
2018-05-15 | $0.62 | quarterly | 2018-06-10 |
2018-02-20 | $0.62 | quarterly | 2018-03-10 |
2017-11-14 | $0.62 | quarterly | 2017-12-10 |
2017-08-14 | $0.62 | quarterly | 2017-09-10 |
2017-05-15 | $0.60 | quarterly | 2017-06-10 |
2017-02-13 | $0.60 | quarterly | 2017-03-10 |
2016-11-14 | $0.60 | quarterly | 2016-12-10 |
2016-08-15 | $0.60 | quarterly | 2016-09-10 |
2016-05-16 | $0.56 | quarterly | 2016-06-10 |
2016-02-12 | $0.56 | quarterly | 2016-03-10 |
2015-11-16 | $0.56 | quarterly | 2015-12-10 |
2015-08-17 | $0.56 | quarterly | 2015-09-10 |
2015-05-18 | $0.52 | quarterly | 2015-06-10 |
2015-02-13 | $0.52 | quarterly | 2015-03-10 |
2014-11-17 | $0.52 | quarterly | 2014-12-10 |
2014-08-18 | $0.52 | quarterly | 2014-09-10 |
2014-05-19 | $0.43 | quarterly | 2014-06-10 |
2014-02-14 | $0.43 | quarterly | 2014-03-10 |
2013-11-18 | $0.43 | quarterly | 2013-12-10 |
2013-08-19 | $0.43 | quarterly | 2013-09-10 |
2013-05-13 | $0.36 | quarterly | 2013-06-10 |
2013-02-15 | $0.36 | quarterly | 2013-03-10 |
Target Dividend per year
Target Dividend growth
Target Dividend Yield
Target current trailing twelve-month (TTM) dividend yield is 3.3%. Interested in purchasing Target stock? Use our calculator to estimate your expected dividend yield:
Target Financial Ratios
Target Dividend FAQ
Other factors to consider when evaluating Target as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Target's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Target publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Target distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Target are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Target sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Target distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Target declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Target's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Target's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.