MINNEAPOLIS - Target Corporation (NYSE:TGT) has announced a quarterly dividend of $1.10 per common share, continuing a long-standing tradition of returning value to its shareholders. The dividend is scheduled to be paid on June 10, 2024, to shareholders who are on record by the close of business on May 15, 2024.
This upcoming dividend marks the 227th consecutive payout by the Minneapolis-based retailer since it went public in October 1967. Target's commitment to consistent dividend payments reflects its financial stability and dedication to sharing success with its investors.
Target operates approximately 2,000 stores across the United States and runs an extensive e-commerce platform through Target.com. The company has a history of community engagement, contributing 5% of its profits to local communities, which amounts to millions of dollars each week.
The announcement of the dividend is based on a press release statement from Target Corporation. This move by Target underscores its position in the retail sector and its practice of providing regular shareholder returns. The company's approach aligns with its broader mission to enhance the lives of its customers and community members.
Investors holding Target shares can expect to receive the declared dividend in early June, provided they are registered by the mid-May deadline. This financial event is a direct reflection of Target's ongoing performance and its role in the competitive retail market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.