“MINNEAPOLIS–(BUSINESS WIRE)–Jun. 8, 2016– The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of 60 cents per common share, a 7.1% increase from the prior quarter dividend of 56 cents. The dividend is payable Sept. 10, 2016 to shareholders of record at the close of business August 17, 2016. The 3rd quarter dividend will be the company’s 196th consecutive dividend paid since October 1967 when the company became publicly held. With the increase announced today, 2016 is expected to be the 45th consecutive year in which Target has increased its annual dividend”.
I have 130 shares in TGT and the YOC of my position will rise from 3.8% to 4.1%. My forward annual gorss dividend have become $312.00.
This is power of a dividend growth stock.
Disclosure: Long TGT