Target stock remains committed to returning a strong dividend to its investors. The recent increase raised its quarterly dividend nearly 50% to $0.25. This marks 43 consecutive years that the company has increased its dividend. This puts the total dividend for the company nearly to 2 percent. This is a strong record and commitment to being an income stock. With the relatively healthy dividend and low price-to-earnings ratio at the moment Target looks to be an attractive investment at this point. As a retailer, however, it remains highly sensitive to consumer income and tastes. It tends to lose sales more quickly than its peers during economic downturns and is often seen as the ‘fancy’ Wal-Mart.
Target Increases Dividend
Tags: dividend, investment, investors, retailer
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