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On Wednesday, Target Corporation (TGT, Financial) declared a quarterly dividend of $1.12 per common share, yielding 3.97% at current prices, according to a press release. The dividend will be paid on June 1, 2025, to shareholders on record as of May 14, 2025.
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This payout marks the 231st consecutive dividend since TGT went public in October 1967. The retail giant has maintained dividend payments for 55 consecutive years and raised its dividend for 54 straight years, underscoring its strong commitment to delivering value to shareholders.
This announcement is part of Target's regular investor updates and reflects Target's disciplined financial stewardship, emphasis on growth and community engagement. This is especially reassuring and signals the operational strength and stability of the TGT.
This article first appeared on GuruFocus.