Target Raises Dividend 6.25 Percent

Target (TGT), a large discount retailer, has raised its quarterly dividend from $0.16 per share to $0.17 per share, a 6.25 percent increase. The new dividend, TGT's 168th consecutive dividend paid since it went public in October 1967, is payable September 10, 2009 to shareholders of record as of August 20, 2009.

TGT is a candidate for an income or long-term dividend reinvestment program.

To get more performance information about TGT, use the buyupside.com Stock Return Calculator. Enter TGT as the stock symbol on the calculator input form.

See the buyupside.com Dividend Chart Maker to view dividends charts for TGT and other dividend-paying stocks.

I (RAH) do not own TGT.

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Posted June 24, 2009.