Amid current challenges Target hikes dividend 20%

Amid current challenges Target hikes dividend 20%

This is why I hold Target in my portfolio. They remain a solid company despite short term difficulties all retailers face. This marks 51 years of consecutive dividend growth.

Target on Thursday said its board raised the quarterly dividend to $1.08 from 90 cents previously. The annual payout of $4.32 represents a yield of about 2.76% based on Wednesday’s closing price of $156.70, up from 2.3%.

Target Boosts Quarterly Dividend 20% – WSJ

COMPANY NAME (SYM) has a current dividend yield of 0.00% and is rated as “RATING” by SimplySafeDividends. I hold SYM in my Medium Yield Portfolio. In total SYM is 0.0% of my portfolio.