Why Target Stock Is Rising Today

Target Corporation TGT shares are trading up Thursday after the company raised its quarterly dividend by 1.9%, payable Sept. 10, 2023 to shareholders of record at the close of business Aug. 16, 2023.

What To Know: Target Corporation has declared a quarterly dividend of $1.10 per common share. This represents a 1.9% increase from the previous quarterly dividend of $1.08.

It is also worth noting that this is the fifty-second consecutive year in which Target has increased its annual dividend.

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TGT Price Action: Shares of TGT were up 3.20% at $137.49 at the time of publication, according to Benzinga Pro.

Image by Dirk (Beeki®) Schumacher from Pixabay