Target Corporation Plans Quarterly Dividend of $1.16 (NYSE:TGT)

Target Corporation (NYSE:TGT) announced a quarterly dividend on Wednesday, September 23rd. Investors of record on Wednesday, November 11th will be paid a dividend of 1.16 per share by the retailer on Tuesday, December 1st. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, November 10th.

Target has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 54 years. Target has a dividend payout ratio of 56.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Target to earn $9.38 per share next year, which means the company should continue to be able to cover its $4.64 annual dividend with an expected future payout ratio of 49.5%.

Target Stock Performance

Shares of NYSE:TGT opened at $156.17 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average price of $153.62 and a 200-day moving average price of $135.51. The company has a market cap of $70.95 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 2.96 and a beta of 0.99. Target has a 12 month low of $83.44 and a 12 month high of $170.75.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The business had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter last year, the firm earned $2.05 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, equities analysts anticipate that Target will post 8.85 EPS for the current year.

About Target

Target Corporation is a general merchandise retailer that operates stores and digital shopping channels across the United States. Its assortment includes apparel and accessories, beauty products, home furnishings and décor, electronics, toys, sporting goods, household essentials, groceries and other everyday merchandise.

Target offers a combination of in-store and digital services, including order pickup, Drive Up and same-day delivery through Shipt. The company also develops and sells a broad portfolio of owned brands, while offering national-brand products and merchandise through a range of seasonal and specialty categories.

The company traces its history to the Dayton Company, founded in Minneapolis in 1902.