Target Raises Regular Quarterly Dividend By 20 Percent

Target TGT announced on Wednesday that it is raising its regular quarterly dividend by 20 percent. The company said that its Board of Directors has declared a quarterly dividend of $0.36 per common share. The dividend is payable September 10, 2012 to shareholders of record at the close of business August 15, 2012. On Wednesday, Target shares traded higher in for much of the day but were down around 0.50% heading into the close.