Meet the High-Yield Dividend King That Just Boosted Its Payout For the 55th Consecutive Year.
Here’s Why It’s Still a Buy at a 52-Week High
Sammy Hagar couldn’t drive 55, but Target (NYSE: TGT) was able to last week. The discount retailer has now boosted its quarterly distributions for 55 consecutive years, coming through with another dividend increase. The move was modest — up less than 2% to a quarterly rate of $1.16 a share — but it kept an enviable streak going for the Dividend King.
It also helped keep the upticks coming, as Target hit a 52-week high on Friday. But the stock is still a good buy despite the fresh peak. With a turnaround coming together, this could be a great time to buy the ascending 2026 market beater.