Target declares quarterly dividend of $1.14 per share

MINNEAPOLIS - Target Corporation (NYSE:TGT) announced Wednesday that its board of directors has declared a quarterly dividend of $1.14 per common share, payable December 1, 2025, to shareholders of record as of November 12, 2025. The dividend represents an attractive 5.08% yield, according to InvestingPro data.

This marks Target’s 233rd consecutive quarterly dividend payment since the company went public in October 1967, with the retailer maintaining an impressive 54-year streak of annual dividend increases.

Target, which operates nearly 2,000 stores across the United States and maintains an online retail presence through Target.com, has maintained a consistent dividend payment history for over five decades.

The Minneapolis-based retailer continues its long-standing corporate practice of returning value to shareholders through regular dividend distributions while maintaining its business operations across its physical and digital retail channels.

In other recent news, Target reported a 1.9% decline in comparable sales for the second quarter, alongside a 1.3% drop in traffic and a 19% decrease in year-over-year profit. Despite these results, the company reiterated its full-year guidance, suggesting that low-single-digit percentage comparable sales declines are likely to continue. Target also announced a leadership transition with Michael Fiddelke set to become CEO on February 1, 2026, succeeding Brian Cornell. This transition comes amidst mixed reactions from investors, as some analysts expressed concerns about the leadership change.

RBC Capital raised its price target for Target to $107 from $104, maintaining an Outperform rating, citing the leadership transition as an opportunity to address competitive issues. TD Cowen also increased its price target to $110 from $100, noting improvements in quarter-over-quarter performance. However, Mizuho maintained a Neutral rating and a $94 price target, highlighting investor concerns over the leadership decisions despite Fiddelke’s qualifications. Evercore ISI lowered its price target to $106, pointing to the sales decline and market share loss, though acknowledging better-than-expected management of profit pressures. KeyBanc reiterated its Sector Weight rating following the second-quarter results and CEO transition announcement.

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