Target (TGT) Raises Quarterly Dividend for 55th Consecutive Year

Target Corporation (NYSE: TGT) increased its quarterly dividend by 1.8%, according to an announcement from the company, extending a streak that puts 2026 on track to mark the retailer's 55th consecutive year of dividend increases. Shares traded at $134.94 on Friday, June 12, 2026, up 1.73% on the session.

Dividend Increase Details

• Target raised its quarterly dividend by 1.8%, per the company's announcement.
• The increase extends the payout growth streak to what would be 55 consecutive years of raises in 2026, according to Stock Titan.
• A 55-year streak places Target among an elite group of so-called Dividend Kings, companies with at least five decades of uninterrupted dividend growth.
• Target's current analyst consensus stands at 15 Buy or Strong Buy ratings versus 26 Hold and 3 Sell, reflecting a broadly cautious but not negative Wall Street view.

Investor Takeaway

Five and a half decades of uninterrupted dividend growth signals a long-term capital allocation commitment that income-oriented investors typically weigh alongside earnings trajectory. With a forward P/E of 15.2x and a Hold-heavy analyst consensus, the dividend raise offers a concrete shareholder return while the broader investment debate around Target's profitability profile continues.