Dividend Increase – TGT

ID-100130817-300x200 Dividend Increase - TGTAnother dividend increase in the books!

Target Corporation (TGT) just declared $0.62 quarterly dividend. This is an increase of 3.3% from $0.60.

I own 67 shares, so this will increase my annual dividend income by $5.36 to $3,685.90

I updated both my Passive Income page as well as my Portfolio page to reflect the changes.

My Thoughts:

I am happy with my holding of TGT and do not plan to add more shares anytime soon unless there is a big drop in price.

I am a little disappointed with the dividend increase, but I’m glad it is over the rate of inflation. Last year they increased it by 7.1% and the year before 7.7%.

I find the stock to be undervalued and think it is a great buy if you do not currently own it, or it is underweight in your portfolio. TGT continue to increase the dividend and the current dividend yield is great at 4.34%.

Thanks for reading, and don’t forget to follow me:

feedly-follow-rectangle-flat-small_2x Dividend Increase - TGT      

Do you own TGT? Happy about the dividend increase?

Image by ddpavumba at FreeDigitalPhotos.net

Comments

  1. TGT has been on a roller coaster the past 5 years. P/E ratio is still pretty low, so there’s value. The only thing is that Amazon is just so dominant. We’ll see how it all plays out; things are changing pretty drastically though in the retail front.

    • Yea it is changing but every time I pass a Walmart or target the parking lot is aways full. Numbers look good, so time will tell. Thanks for the comment and for stopping by.

  2. Congrats, always nice to see fellow DGI receive free money upgrades.

    Shame I didn’t step in at TGT earlier this year, but lets hope that my choices also lead to these kind of free upgrades 🙂

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