Target Corp. Raises Quarterly Dividend by 20% to $1.08
09 Junho 2022 - 8:10AM
Dow Jones News
By Colin Kellaher
Target Corp. on Thursday said its board raised the quarterly
dividend by 20%, to $1.08 from 90 cents, just days after the
retailer warned that high inventories would weigh on its
profits.
The new payout, equal to $4.32 a year, represents an annual
yield of about 2.76% based on Wednesday's closing price of $156.70,
up from 2.3%.
The Minneapolis company said the increased dividend is payable
Sept. 10 to shareholders of record Aug. 17.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
June 09, 2022 06:55 ET (10:55 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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