Target raised its quarterly dividend to $1.16 per share, requiring a $344,000 investment to generate $10,000 in annual dividends.
Target increased its quarterly dividend by 1.8% to $1.16 per share in June, lifting its dividend yield to approximately 2.9%. The move marks the company’s 50th consecutive year of dividend growth, qualifying it as a Dividend King.
To earn $10,000 annually in dividends, investors would need roughly 2,155 shares, costing about $344,000 at the current share price of $159. While Target’s yield exceeds the S&P 500’s 1%, it remains below high-yield thresholds of 4% or more.
Year-to-date, Target shares have surged 67%, outpacing the S&P 500’s 13% gain, driven by strong capital appreciation potential alongside its dividend growth.