Target boosts dividend by 20 percent

The Minneapolis-based discount chain says it has increased its quarterly dividend to 36 cents. The dividend will be paid on September 10 to shareholders of record as of August 15. Target has reportedly paid a dividend every quarter since going public in 1967.
Author:
Updated:
Original:

The Minneapolis-based discount chain says it has increased its quarterly dividend to 36 cents. The dividend will be paid on September 10 to shareholders of record as of August 15. Target has reportedly paid a dividend every quarter since going public in 1967.

Next Up

Jeff Gladney

Vikings' 2020 first-round pick Gladney indicted by Texas grand jury

If convicted Gladney could be sentenced up to 10 years in prison.

face mask

List of places in Minnesota now requiring or recommending face masks

Businesses and organizations are changing their policies in response to the delta variant.

Minnesota State Fair - main gate day 2021

The 2021 Minnesota State Fair: Everything you need to know

From ticket prices to new foods to health protocols, we've got you covered.

Flickr - police lights squad siren - Edward Kimmel

Suspect steals unlocked squad car, leads officers on miles-long chase

The suspect also brandished a shotgun from the stolen vehicle out the window.

Screen Shot 2021-08-03 at 11.01.49 AM

Watch: Pair wanted in connection with Mankato graffiti spree

There were at least nine criminal damage incidents reported in downtown Mankato.

Kirk Cousins

Vikings owners 'very concerned' about unvaccinated players

Overall, the NFL has rather healthy vaccination rates.

covid, vaccine

List of places in Minnesota that now require the COVID-19 vaccine

Educational institutions, venues and more have been updating their vaccination policies.

Jacob Danielson

Sheriff's deputy arrested for drunk driving, crashing at car wash

Two kids were in the car with the deputy, as he drove his personal vehicle.

covid-19, coronavirus, PPE

Here is Minnesota's COVID-19 update for Tuesday, August 3

The delta variant has been leading to higher case counts and hospitalizations in Minnesota.

minnesota state fair

State Fair could require masks indoors, capacity limits not ruled out

Things could change before Aug. 26, but an indoor mask mandate appears likely.

Byron Buxton

Extending Byron Buxton is an investment worth the risk

Buxton's value to the Twins exceeds some of their previous big contracts.

Related

Target tops Wall Street expectations, boosts full-year outlook

The Minneapolis-based cheap chic discount giant posted better-than-expected second-quarter revenue. Target also raised its full-year profit outlook for the third quarter that is well above analysts' expectations.

Target hopes to increase annual dividend to $3 per share by 2017

That's more than double the $1.20 rate the Minneapolis-based retailer most recently paid. Target says $3 per share is possible as long as annual earnings are at $8 per share in five years.

Warm weather gives Target sales a boost

The Minneapolis-based discount retailer says a key sales figure rose 7.3 percent in March. Target says the strongest performers included food, household essentials, clothing and health care items. Electronics were among the weakest.

Target's five-percent-off credit card is a hit

Target says customers who have Redcards are spending about 50 percent more at Target stores than they did in their pre-card days. That has more than offset the cost of the five percent discount. It was also a factor in the six percent increase in first-quarter sales.

Target beats expectations, boosts forecast

The Minneapolis-based discount retailer reported a 1.2 percent increase for the first three months of 2012. Target is raising its full-year profit guidance.

Facebook turns to Target to prove its ads are effective

A study from Internet research firm comScore suggests advertising on the social-networking platform may help boost sales. The study found people who are friends or fans of Target on Facebook were 21 percent more likely to shop at the Minneapolis-based discount retailer than those not exposed to the company's messages.