Target Announces $1.14 Quarterly Dividend

Retailer's dividend represents a 3.8% yield and is expected to be covered by future earnings.

Mar. 11, 2026 at 11:08pm

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Target Corporation (NYSE:TGT) has declared a quarterly dividend of $1.14 per share, payable on June 1st to shareholders of record as of May 13th. This represents an annualized dividend of $4.56 and a dividend yield of 3.8%. The company has raised its dividend for 54 consecutive years and expects its payout ratio to be under 50% of projected future earnings.

Why it matters

Target's consistent dividend increases and healthy payout ratio demonstrate the company's strong financial position and commitment to returning capital to shareholders. This dividend announcement is a positive signal for investors and reflects Target's confidence in its long-term growth prospects.

The details

The ex-dividend date for this dividend is May 13th. Target has raised its dividend by an average of 0.1% per year over the last three years. Analysts expect the company to earn $9.32 per share next year, which would give it a projected payout ratio of 48.9% - well within a sustainable range.

  • The dividend will be paid on June 1, 2026.
  • The ex-dividend date is May 13, 2026.
  • Shareholders of record as of May 13, 2026 will receive the dividend.

The players

Target Corporation

A U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota that operates a network of full-line and small-format stores across the United States.

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What’s next

Investors will be watching to see if Target can maintain its streak of annual dividend increases in the coming years.

The takeaway

Target's consistent dividend growth and healthy payout ratio demonstrate the company's financial strength and commitment to shareholder returns, which should appeal to income-oriented investors.