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Target (TGT) Dividend Yield, Date & History

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$132.40 +0.48 (+0.36%)
(As of 12/24/2024 05:19 PM ET)

Target Dividend Summary

Dividend Yield
3.38%
Annual Dividend
$4.48
Recent
Dividend Payment
Dec. 10
Dividend Increase
Track Record
54 Years
Annualized 3-Year
Dividend Growth
17.61%
Dividend Payout Ratio
47.51%

Target (TGT) pays an annual dividend of $4.48 per share, with a dividend yield of 3.38%. The next quarterly payment of $1.12 per share was paid on Tuesday, December 10, to investors who owned the stock before the ex-dividend date of Wednesday, November 20. TGT has grown its dividend for 54 consecutive years, with an average annual increase of 5.56%. The company currently pays out 47.51% of its earnings and 30.62% of its cash flow as dividends.

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TGT Dividend Payments by Quarter

The chart below displays up to four years of Target's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

TGT Dividend Yield Over Time

The chart below tracks Target's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Target vs. The Competition

Compare Target's annual dividend, yield, and 3-year growth rate with averages for Retail and NYSE companies to evaluate its performance against the market.

TypeTargetRetail CompaniesNYSE Companies
Annual Dividend$4.48$0.03$1.39
Dividend Yield3.38%167.15%3.65%
Annualized 3-Year Dividend Growth17.61%27.48%15.74%
Track Record54 years27 years25 years

Target Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings47.51%
Based on This Year's Estimate52.09%
Based on Next Year's Estimate48.43%
Based on Cashflow30.62%

Target Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
9/18/2024Quarterly$1.12 - 2.88%11/20/202411/20/202412/10/2024
6/12/2024quarterly$1.12+$0.02
1.82%
3.06%8/21/20248/21/20249/10/2024
3/13/2024quarterly$1.10 - 2.63%5/14/20245/15/20246/10/2024
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1/17/2024quarterly$1.10 - 3.12%2/20/20242/21/20243/10/2024
9/20/2023quarterly$1.10 - 3.66%11/14/202311/15/202312/10/2023
6/15/2023quarterly$1.10+$0.02
1.85%
3.3%8/15/20238/16/20239/10/2023
3/9/2023quarterly$1.08 - 2.64%5/16/20235/17/20236/10/2023
1/12/2023quarterly$1.08 - 2.72%2/14/20232/15/20233/10/2023

This table shows Target's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Target Dividend - Frequently Asked Questions

The current dividend yield for Target is 3.38%. Learn more on TGT's dividend yield history.

The annual dividend for TGT shares is $4.48. Learn more on TGT's annual dividend history.

Target pays quarterly dividends to shareholders.

Target's most recent quarterly dividend payment of $1.12 per share was made to shareholders on Tuesday, December 10, 2024.

Target's most recent ex-dividend date was Wednesday, November 20, 2024.

Over the past three years, the company's dividend has grown by an average of 17.61% per year.

Target has increased its dividend for the past 54 consecutive years.

The most recent change in the company's dividend was an increase of $0.02 on Wednesday, June 12, 2024.

The dividend payout ratio for TGT is:
  • 47.51% based on the trailing year of earnings
  • 52.09% based on this year's estimates
  • 48.43% based on next year's estimates
  • 30.62% based on cash flow

Target's dividend yield of 3.41% is lower than the average Retail/Wholesale company that issues a dividend. The company's 54 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Target's dividend payout ratio of 47.51% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Target stock as a Hold, forecasting limited upside or downside, with the stock seen as fairly valued at this time.


This page (NYSE:TGT) was last updated on 12/25/2024 by MarketBeat.com Staff
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