Target Corporation Announces Quarterly Dividend for Shareholders
Target Corporation Announces Quarterly Dividend
The board of directors of Target Corporation (NYSE: TGT) is pleased to announce the declaration of its regular quarterly dividend. This quarter, the dividend is set at $1.12 per common share, which reflects the company's commitment to returning value to its shareholders.
Dividend Payment Details
Shareholders can expect this dividend to be payable on December 10, with a record date of November 20. This significant announcement marks the company’s ongoing dedication to providing consistent returns, as this dividend is the 229th consecutive payout since Target began publicly trading in October 1967. It is a testament to the company's robust financial health and commitment to enriching shareholder value.
Company Overview
Target Corporation, headquartered in Minneapolis, operates nearly 2,000 stores across the United States, in addition to its online platform, Target.com. The company's mission is to help families discover joy in everyday life, a goal it has pursued passionately since its inception in 1946.
Commitment to Community and Stakeholders
Over the decades, Target has made it a priority to give back to the communities it serves. The company contributes 5% of its profits to community programs, translating to millions of dollars every week. This commitment showcases Target's role not just as a retailer, but as a responsible community partner.
Future Outlook
Looking ahead, Target continues to prioritize its growth strategies while emphasizing financial stability. The company's ability to declare consistent dividends is fueled by strategic business operations and strong sales performance, even in fluctuating market conditions. Investors remain optimistic about Target’s future prospects as it adapts to the ever-changing retail environment.
Conclusion
As Target Corporation (NYSE: TGT) moves forward, it maintains a solid commitment to stakeholders through its regular dividend payments. This ongoing payout reaffirms its pledge to financial responsibility and community support, making it a cornerstone investment for many portfolio holders.
Frequently Asked Questions
What is the amount of the declared dividend by Target Corporation?
The declared quarterly dividend is $1.12 per common share.
When is the dividend payable?
The dividend is payable on December 10.
What has been the history of dividend payments by Target?
Target Corporation has paid 229 consecutive dividends since October 1967.
How many stores does Target operate?
Target operates nearly 2,000 stores across the United States.
What is Target's commitment to the community?
Target contributes 5% of its profit to community programs, which amounts to millions of dollars each week.
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