Lots of people have inquired as to whether or not Target will continue to pay a stock dividend. The stock has taken a beating in a relatively strong 2011 (down nearly 25% as of today).
Since August 2010, Target has been paying a $.25 quarterly dividend, or $1.00 annually. At its current price that is around 2.5% annually. Prior to its $.25 dividend, the company was paying $.17, so the jump was significant, in fact the highest increase the company has ever had.
It’s hard to say if this is sustainable.
