Target Corporation (NYSE:TGT) Plans Quarterly Dividend of $1.14

Target Corporation (NYSE:TGT) announced a quarterly dividend on Wednesday, March 11th. Investors of record on Wednesday, May 13th will be given a dividend of 1.14 per share by the retailer on Monday, June 1st. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 13th.

Target has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 54 consecutive years. Target has a dividend payout ratio of 55.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Target to earn $9.32 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 48.9%.

Target Price Performance

NYSE:TGT opened at $118.72 on Thursday. Target has a 52 week low of $83.44 and a 52 week high of $126.00. The firm’s 50-day simple moving average is $111.33 and its 200 day simple moving average is $98.73. The firm has a market cap of $53.76 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 5.21 and a beta of 1.12. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. The business had revenue of $30.45 billion for the quarter, compared to the consensus estimate of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.41 earnings per share. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. As a group, sell-side analysts predict that Target will post 8.69 earnings per share for the current 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.