Target Corporation (TGT) to Issue Quarterly Dividend of $1.14 on June 1st

Target Corporation (NYSE:TGT) announced a quarterly dividend on Wednesday, March 11th. Investors of record on Wednesday, May 13th will be paid a dividend of 1.14 per share by the retailer on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Wednesday, May 13th.

Target has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 54 consecutive years. Target has a dividend payout ratio of 55.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Target to earn $8.47 per share next year, which means the company should continue to be able to cover its $4.56 annual dividend with an expected future payout ratio of 53.8%.

Target Price Performance

Shares of TGT stock opened at $125.18 on Monday. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. Target has a twelve month low of $83.44 and a twelve month high of $133.10. The company has a market cap of $56.85 billion, a P/E ratio of 15.40, a P/E/G ratio of 5.22 and a beta of 1.01. The business has a fifty day simple moving average of $121.35 and a 200 day simple moving average of $107.47.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The business had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. During the same period in the prior year, the company earned $2.41 EPS. Target’s revenue for the quarter was down 1.5% on a year-over-year basis. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts forecast that Target will post 8.02 EPS for the current fiscal year.

About Target

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.