Target Corp. said Wednesday that its board approved the increase of its quarterly dividend by 6 cents, or 20 percent, to 36 cents.
The Minneapolis-based discount chain will pay the dividend on Sept. 10 to shareholders of record as of Aug. 15. Target Corp. has paid a dividend every quarter since going public in 1967. The announcement was made ahead of its annual shareholders’ meeting, which took place on Wednesday at a soon-to-open store in downtown Chicago. That unit, along with locations in Los Angeles, San Francisco and Seattle, is part of new smaller format stores.
JOIN THE DISCUSSION | Register here
We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part — and abiding by these simple rules. A thorough explanation of rules of conduct can be found in our Terms of Service. If you have any questions, including why your comment may not be showing immediately after you submit it, be sure to visit the commenting FAQ.