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Data last updated: Oct 16, 2026
Snapshot (as of Oct 16, 2026): Target Corporation (TGT) pays a $4.56 annual dividend ($1.16 quarterly), yielding 2.96% at $154.70/share. Next ex-dividend date 2026-11-10. 41+ consecutive years of dividend growth (Dividend Aristocrat). Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.96%
Annual Dividend: $4.56 per share
Payout Ratio: 47.3%
Ex-Dividend Date: 2026-11-10
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 groceries under the Good & Gather brand to apparel under Cat & Jack and electronics, giving it broad exposure to everyday consumer spending. At a 2.9% yield, with a trailing annual dividend rate of $4.58 per share paid quarterly, the next ex-dividend date falls on August 12, 2026. A beta of 0.986 means TGT moves roughly in line with the broader market, which suits dividend investors who want income without extreme price swings. Target Corporation is a Dividend Aristocrat, a status that reflects its 41 consecutive years of dividend increases.
Target Corporation pays out 47.1% of earnings as dividends, a payout ratio classified as moderate (40-60%). That level leaves meaningful room between what TGT earns and what it pays, and the company's broad merchandise mix spanning food, household goods, clothing, and electronics spans categories with recurring everyday demand. Target Corporation dividend safety is further supported by the fact that the payout has not required a cut across the full 14-year history window available. The most significant data-supported pressure point is competitive intensity in discount retail, where pricing and margin can shift quickly, though the current payout ratio does not signal immediate strain.
Over the past 14 years, Target Corporation dividend history shows a CAGR of 10.6% per year from 2011 to 2025. Per-share payments grew from $1.10 to $4.52 over that window (2026 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 unbroken, is not always fast. The largest single-year jump was 25.3% in 2022, so the pace has varied considerably across the period.
| 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) |
Target Corporation fits dividend investors who want a combination of income and long-term payout growth from a large general merchandise retailer. The current yield of 2.9% sits in the moderate (2-4%) range, above TGT's own 5-year average of 2.58%, which means buyers today are locking in a yield that is above recent norms. Forty-one consecutive years of dividend increases confirm Dividend Aristocrat status, a streak that spans multiple economic environments. The trade-off is straightforward: growth has slowed in recent years, with the 2024 increase coming in at just 1.8%, so investors gain a long, unbroken payout history but accept that future increases are not guaranteed to match the 10.6% long-run average.
TGT is a Dividend Aristocrat with 41 consecutive years of dividend increases.
| Payment Date | Amount per Share |
|---|---|
| 2026-11-10 | $1.1600 |
| 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 |
| Year | Total Dividends |
|---|---|
| 2026 | $4.6000 |
| 2025 | $4.5200 |
| 2024 | $4.4400 |
| 2023 | $4.3600 |
| 2022 | $3.9600 |
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