TGT has been under pressure lately, the credit card breach and expansion problems into Canada have taken a toll on the price of the stock. I view these as short-term issues and continue to keep adding shares. This latest increase is also much better than I expected given the latest issues.
Target announced today a quarterly dividend increase of $0.09 from $0.43 to $0.52 per share that’s payable September 10, 2014 to holders of record as of August 20, 2014. This latest increase was 20.9%!
This will mark the 47th straight year of dividend increases for TGT!
Since I own 160.77 shares, this will increase my yearly dividends by $57.88. This is the 22st stock in my portfolio to increase their dividend this year.
You can find all of my dividend increase announcements here.