Target Raises Dividend By 20%

The other day I mentioned that I expected Target ($TGT) to soon raise its dividend for the 45th year in a row. The company made the announcement today. Target is raising its quarterly dividend by 20%, going from 30 cents to 36 cents per share.

At today’s closing price, the annual dividend of $1.44 per share works out to 2.48%. If you bought shares of Target 30 years ago, you’re now yielding almost 100% a year on your initial investment.

Right now, Target is a good stock but not a great value. I’m highlighting it to show you how well stocks can perform over the long haul.

Posted by on June 13th, 2012 at 5:37 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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