Another 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 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%.
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Do you own TGT? Happy about the dividend increase?
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