Target raises quarterly dividend, extending payout streak to 55 years

The board of directors of Target (NYSE:TGT) declared a quarterly cash dividend of $1.16 per common share, representing a 1.8% increase over its previous distribution baseline.

The Minneapolis-based big-box retailer confirmed that the enhanced dividend will be payable on September 1, 2026, to shareholders of record as of the close of corporate business on August 12, 2026.

The shift bumps the company's prior distribution level up from $1.14 per share, where it had remained steady over the preceding four trailing quarters.

The adjustment raises Target's annualized dividend distribution pace to $4.64 per share.

The declared allocation marks Target’s 236th consecutive dividend paid since October 1967, the historical period when the merchant initially transitioned into a publicly traded entity.

More notably, the bump ensures that calendar year 2026 remains on track to serve as Target's 55th consecutive year of annual dividend increases, reinforcing its standing within the defensive tier of S&P 500 Dividend Aristocrats and Dividend Kings.