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Data last updated: Sep 01, 2026
Snapshot (as of Sep 01, 2026): Target Corporation (TGT) pays a $4.58 annual dividend ($1.16 quarterly), yielding 2.81% at $162.75/share. Next ex-dividend date 2026-08-12. 41+ consecutive years of dividend growth (Dividend Aristocrat). Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.81%
Annual Dividend: $4.58 per share
Payout Ratio: 47.1%
Ex-Dividend Date: 2026-08-12
Dividend Frequency: quarterly
Sector: Consumer Defensive
Years of Dividend History: 44
Target Corporation dividend has been paid without interruption for over four decades, making TGT one of the more established income names in the discount retail space. The company operates general merchandise stores selling everything from Good & Gather groceries to Cat & Jack children's clothing and heyday electronics, with more than 50 owned brands across its assortment. TGT currently yields 2.81%, with a trailing annual dividend rate of $4.58 per share paid quarterly, and the next ex-dividend date falls on August 12, 2026. As a Dividend Aristocrat with 41 consecutive years of increases, this stock appeals to dividend investors who prioritize a long, unbroken growth streak over a high starting yield.
Target Corporation pays out 47.1% of earnings as dividends, a payout ratio classified as moderate (40-60%). That level leaves meaningful room between the dividend and earnings, which supports the current payout across Target Corporation dividend safety considerations, particularly given the company's broad product mix spanning food, apparel, household goods, and electronics. The main pressure point is that TGT operates in discount retail, a sector sensitive to shifts in consumer spending and margin compression, neither of which is reflected in the payout ratio alone.
Target Corporation dividend history shows a CAGR of 10.6% per year from 2011 to 2025. The per-share annual dividend grew from $1.10 to $4.52 over that window (2026 data is a partial year and excluded from the rate calculation). The smallest annual increase in the window was 1.8% in 2024, which shows that growth, while sustained, is not always fast.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +4.5% | $3.96 (2022) | $4.52 (2025) |
| 5-Year | +11.0% | $2.68 (2020) | $4.52 (2025) |
| 10-Year | +7.7% | $2.16 (2015) | $4.52 (2025) |
TGT fits dividend investors who want a long, unbroken increase streak paired with a moderate starting yield. The current yield of 2.81% sits in the moderate (2-4%) range, above the stock's own 5-year average of 2.51%, which means income buyers today are getting slightly more yield than the historical norm. As a Dividend Aristocrat with 41 consecutive years of dividend increases, TGT brings one of the longer growth streaks in the consumer sector. The trade-off is straightforward: the 10.6% CAGR over the 2011-2025 window is attractive on paper, but recent growth has slowed to 1.8% in 2024, so investors gain streak length and payout discipline while accepting that near-term increases may be modest.
TGT is a Dividend Aristocrat with 41 consecutive years of dividend increases.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-12 | $1.1600 |
| 2026-05-13 | $1.1400 |
| 2026-02-11 | $1.1400 |
| 2025-11-12 | $1.1400 |
| 2025-08-13 | $1.1400 |
| 2025-05-14 | $1.1200 |
| 2025-02-12 | $1.1200 |
| 2024-11-20 | $1.1200 |
| 2024-08-21 | $1.1200 |
| 2024-05-14 | $1.1000 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.4400 |
| 2025 | $4.5200 |
| 2024 | $4.4400 |
| 2023 | $4.3600 |
| 2022 | $3.9600 |
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