The retailer increases its payout by 1.8% to $1.16, marking a modest rise from the prior $1.14 dividend.
Target announced a 1.8% increase in its quarterly dividend to $1.16 per share, up from $1.14 previously. The move reflects a continued commitment to returning value to shareholders amid stable earnings.
The new dividend yields 3.63% on a forward basis. Payment is set for September 1 to shareholders of record as of August 12, with the ex-dividend date also on August 12. The company last adjusted its dividend in the prior quarter.
No immediate market reaction was disclosed in the announcement.