The free dividend tracker to help you grow your wealth. Link your brokerage accounts and MerryDiv automatically syncs your holdings and dividends.
Data last updated: Jul 13, 2026
Snapshot (as of Jul 13, 2026): Target Corporation (TGT) pays a $4.56 annual dividend ($1.16 quarterly), yielding 3.37% at $135.13/share. Next ex-dividend date 2026-08-12. 41+ consecutive years of dividend growth (Dividend Aristocrat). Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.37%
Annual Dividend: $4.56 per share
Payout Ratio: 59.7%
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 runs roughly 2,000 U.S. stores selling everything from groceries and apparel to electronics, with in-store Starbucks outlets and Target Café locations adding foot traffic. TGT currently yields 3.37%, with a trailing annual dividend rate of $4.56 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 suits dividend investors who prioritize a long, unbroken payout record over maximum yield.
Target Corporation pays out 59.7% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level leaves a meaningful buffer, and TGT's broad merchandise mix, spanning perishables, household essentials, and everyday apparel, supports recurring customer demand across its roughly 2,000 stores. Target Corporation dividend safety gets its clearest test from the retail environment itself: the company operates physical locations at scale, and any sustained pressure on store traffic or margins would directly affect the earnings base that funds the payout.
Over the past 14 years, 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 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.
| 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 long, unbroken payout record from a large-scale U.S. retailer. The yield sits in the moderate (2–4%) range at 3.37%, which runs above TGT's own 5-year average of 3.03%, meaning the current entry point offers slightly more income than the historical norm. Forty-one consecutive years of increases earns TGT its Dividend Aristocrat status, and the 10.6% CAGR over 14 years shows the payout has grown at a meaningful pace. The trade-off is that recent growth has slowed, with the 2024 increase coming in at just 1.8%, so investors get a reliable and growing income stream but should not expect aggressive near-term raises.
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 |
Project income from TGT with the TGT dividend calculator or track your full portfolio with the dividend tracker.