Target increases quarterly dividend 1.8% to $1.12 per share

The board of directors of Target has declared a quarterly dividend of $1.12 per common share, a 1.8% increase from the prior quarterly dividend of $1.10. The dividend is payable September 10 to shareholders of record at the close of business August 21. The third quarter dividend will be the company’s 228th consecutive dividend paid since October 1967 when the company became publicly held. With the increase announced, 2024 is on track to be the 53rd consecutive year in which Target has increased its annual dividend.