Retail giant Target Corporation (NYSE: TGT) recently announced a quarterly dividend of $1.08 per share, an increase of 20% from the previous dividend of $0.90 per share. The dividend will be paid on September 10, 2022, to shareholders of record as of August 17, 2022. Following the news, shares of the company declined 1.4% on Thursday. The stock, however, pared almost all its losses to close at $154.69 in the extended trading session. Dividend Yield The company’s annual dividend of $4.32 per share now reflects a dividend yield of 2.8% based on Thursday’s closing price.
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