MINNEAPOLIS–Target has declared a quarterly dividend of 17 cents per common share, a 6 percent increase from the prior quarterly rate of 16 cents per common share.
The dividend will be payable on Sept. 10, 2009, to shareholders of record on Aug. 20, 2009, according to a Target statement. This will mark the company’s 168th consecutive dividend paid since October 1967, when Target went public.
Target now operates 1,698 stores in 49 states, along with its Web site, target.com.