Wednesday, June 11, 2014

Target Corporation Increases Dividend 21%

A very positive sign from management and the Board of Directors at Target (TGT) is the 21% dividend increase announced this afternoon.  The quarterly dividend was increased from $0.43 to $0.52 for a 20.93% increase.  The new dividend will go ex-dividend on August 18th and is payable on September 10th.  It's great to finally get some positive news from Target after the credit card data breach last December, the struggling expansion in Canada, and the recent departure of the CEO.

10 comments:

  1. With recent issues, i was expecting a tolken increase. I was keeping $$$ to buy more TGT but spent it on Deere. I am now considering selling something overvalued to buy TGT, which is undervalued relative to average dividend yield and CAPE.

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    1. ADY,

      Same here. I'd have been just fine with a 5% increase after all the struggles the past 6 months. I picked up some DE myself earlier this week. I'm sitting on enough cash to be able to add to my TGT position and I just might do so this week. I was surprised to that the shares didn't do anything today after such a big increase. All the better for investors though.

      Thanks for stopping by!

      Delete
  2. That was a great increase and it moved TGT straight up in my watch list! Can't imagine not starting a position this month!

    Best,

    DW

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    1. D&W,

      I'm sure it moved TGT up on a lot of watch lists but surprisingly it didn't do anything for the share price. I'll be taking another look at TGT but I could very well add a bit more to my position.

      Thanks for stopping by!

      Delete
  3. This was a big increase. I hold 30 shares of TGT that I purchased last month and looking forward to buy more if the price keeps going sideways like the last couple of months.

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    1. DGJourney,

      Well there was no action after the dividend increase today so you might get your chance.

      Thanks for stopping by!

      Delete
  4. I picked up a bunch of lots of TGT in the past year or so. It seems like the market is really hammering them b/c of the Canada Expansion and CC debacle, but a few fantastic quarters of growth (whether that is next year or 5 years from now) will make those incidents seem like a distant memory! Or at least that's what I am hoping lol

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    1. Evan,

      I imagine that Mr. Markets opinion of TGT will be changing within the next year. Don't think we'll have to wait for 5 years. Hopefully this is the start of a string of good news coming out about TGT. I'll be looking at TGT again but might add a few more shares if the price continues to sit here or move lower.

      Thanks for stopping by!

      Delete
  5. We own TGT in our family portfolio....It's always nice to hear that we are about to get a raise! I know Target has had some issued with its Canadian stores but in time they will right that ship and share prices will recover as a result. Meanwhile, I have no problem sitting back and collecting the dividends. AFFJ

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    1. AFFJ,

      Amen for raises! Got to love them! I know the raise from TGT was way more than I can expect to get from my job this year. I'll gladly take those dividends while waiting for the company to get a back on track.

      Thanks for stopping by!

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