Target Raises Dividend by 1.8%
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Dividend seasonBarchart
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Business & Economics
Target bumped its dividend by 1.8% to $1.14 per share, marking 54th consecutive year of growth
74% Informative
Retail giant Target bumped its quarterly dividend by 1.8% to $ 1.14 per share, marking its 54th consecutive year of dividend growth.
The new dividend will be paid on Sept. 1 , offering a healthy 4.64% annual yield.
The retail giant continues to grapple with soft consumer demand, pricing pressures, and operational inefficiencies.
Target trimmed its full-year adjusted EPS forecast to between $7 and $9 , down from the previous $ 8.80 to $ 9.80 range.
Target also estimates a low single-digit sales decline, signaling a prolonged road ahead for recovery.
The Street-high target of $ 175 implies the stock could rally as much as 79% .
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