Target (NYSE:TGT) Dividend Yield, History and Growth

Dividend criteria checks 5/6

Target is a dividend paying company with a current yield of 2.69% that is well covered by earnings. Next payment date is on 10th June, 2024 with an ex-dividend date of 14th May, 2024.

Key information

2.7%

Dividend yield

49%

Payout ratio

Industry average yield	1.4%
Next dividend pay date	10 Jun 24
Ex dividend date	14 May 24
Dividend per share	n/a
Earnings per share	US$8.96
Dividend yield forecast in 3Y	2.9%

Recent dividend updates

Recent updates

Target: Shares Due For A Pause, Earnings In Focus

Apr 30

Target's Aim Is Improving

Mar 29

Results: Target Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts

Mar 07

Target Q4 Preview: Top-Line Focus As Earnings Strength Appears Priced In

Mar 04

Returns On Capital At Target (NYSE:TGT) Have Stalled

Feb 27

We Are Not Confident Buying Target Before The Next Quarterly Results

Feb 23

Target: Is This A Good Dividend Stock To Buy Before Q4 Earnings?

Feb 12

Is It Too Late To Consider Buying Target Corporation (NYSE:TGT)?

Feb 12

Target Corporation's (NYSE:TGT) Shares May Have Run Too Fast Too Soon

Jan 31

Target: Reviewing This Dividend King's Dividend Safety

Jan 14

Target Corporation: Strong Cash Flow And Stronger Margins

Jan 03

Is Target (NYSE:TGT) Using Too Much Debt?

Dec 26

Add Target To Your Holiday Shopping List

Dec 17

Is Target Corporation (NYSE:TGT) Trading At A 43% Discount?

Dec 02

Target: A Tempting But Risky Investment

Nov 26

Target Q3 Earnings Preview: Are Shares Oversold Ahead Of Quarterly Results?

Nov 13

Target (NYSE:TGT) Hasn't Managed To Accelerate Its Returns

Nov 06

Target: Don't Just Window-Shop, Upgrading To Buy On Valuation

Oct 28

Is There Now An Opportunity In Target Corporation (NYSE:TGT)?

Oct 23

Target Corporation And Its Real Value

Oct 09

Target: Financials Say Buy, But Too Much Drama For Now

Sep 27

These 4 Measures Indicate That Target (NYSE:TGT) Is Using Debt Extensively

Sep 24

Target: EPS Likely To Fall Further As New Economic Headwinds Grow

Sep 14

Target: A Buy For The Kingly Dividend And Hold For The Turnaround

Aug 09

Target: Optimistic Consumers Pulling Back, Retail Earnings On Tap, Shares A Hold

Jul 27

Investors Could Be Concerned With Target's (NYSE:TGT) Returns On Capital

Jul 25

Target (NYSE:TGT) Is Increasing Its Dividend To $1.10

Jul 13

Target: Improved Upside And Yield After The Steep Sell-Off

Jun 26

Target (NYSE:TGT) Is Paying Out A Larger Dividend Than Last Year

Jun 18

Target: Turning Constructive (Rating Upgrade)

Jun 16

Is Now The Time To Look At Buying Target Corporation (NYSE:TGT)?

Jun 09

Upcoming Dividend Payment

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: TGT's dividends per share have been stable in the past 10 years.

Growing Dividend: TGT's dividend payments have increased over the past 10 years.

Dividend Yield vs Market

Target Dividend Yield vs Market

How does TGT dividend yield compare to the market?
Segment	Dividend Yield
Company (TGT)	2.7%
Market Bottom 25% (US)	1.5%
Market Top 25% (US)	4.7%
Industry Average (Consumer Retailing)	1.4%
Analyst forecast in 3 Years (TGT)	2.9%

Notable Dividend: TGT's dividend (2.69%) is higher than the bottom 25% of dividend payers in the US market (1.54%).

High Dividend: TGT's dividend (2.69%) is low compared to the top 25% of dividend payers in the US market (4.74%).

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (48.6%), TGT's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (53.2%), TGT's dividend payments are covered by cash flows.

Discover strong dividend paying companies

Price

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E.Growth

Analysts Target

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FAQs

Target (NYSE:TGT) Dividend Yield, History and Growth - Simply Wall St? ›

As of 2024-04-24, the Fair Value of Target Corp (TGT) is 166.23 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 166.51 USD, the upside of Target Corp is -0.2%.

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What is the fair value of TGT? ›

Discover More Details ›

Is Target dividend safe? ›

A safe and reliable dividend

Target has raised its dividend for 52 consecutive years.

Is Target stock overvalued or undervalued? ›

Over the past 52 weeks, TGT's P/CF has been as high as 13.84 and as low as 7.72, with a median of 10.14. Value investors will likely look at more than just these metrics, but the above data helps show that Target is likely undervalued currently.

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What is the dividend yield of TGT? ›

2.64% forward dividend yield.

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Is TGT a good stock to buy now? ›

Is TGT a Buy, Sell or Hold? Target has a conensus rating of Moderate Buy which is based on 20 buy ratings, 10 hold ratings and 0 sell ratings.

What is the outlook for TGT stock? ›

According to the issued ratings of 27 analysts in the last year, the consensus rating for Target stock is Moderate Buy based on the current 11 hold ratings and 16 buy ratings for TGT. The average twelve-month price prediction for Target is $181.85 with a high price target of $220.00 and a low price target of $134.00.

Explore More ›

What is the safest dividend stock to buy now? ›

Top 25 High Dividend Stocks

Ticker	Name	Dividend Safety
ENB	Enbridge	Safe
EPD	Enterprise Products Partners	Safe
WHR	Whirlpool	Borderline Safe
VZ	Verizon	Safe

6 more rows

Apr 19, 2024

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Is TGT a dividend king? ›

It recorded higher profits, suggesting consumers are spending more for products on fewer trips. Target is a solid dividend stock with over 50 years of consecutive increases, making it a Dividend King.

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Is Target stock going to recover? ›

Fair Value Estimate for Target

With its 2-star rating, we believe Target's stock is overvalued compared with our long-term fair value estimate of $132. Our estimate accounts for a more gradual recovery in the firm's operating margin and a more subdued midcycle margin forecast of 6.5%, down from 7.0%.

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Should I invest in Target 2024? ›

Investors were very pleased with the numbers. As of this writing, shares are up more than 10% from the announcement a couple weeks ago, and they are up 18% in 2024. Investors might be compelled to rush in and buy this top retail stock with $1,000 right now as it benefits from positive sentiment.

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Why should I invest in Target? ›

TGT sits at a Zacks Rank #2 (Buy), holds a Value Style Score of A, and has a VGM Score of B. Compared to the Retail - Discount Stores industry's P/E of 22.5X, shares of Target are trading at a forward P/E of 16.4X. TGT also has a PEG Ratio of 1.2, a Price/Cash Flow ratio of 12.6X, and a Price/Sales ratio of 0.7X.

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What is the intrinsic value of TGT? ›

As of 2024-04-26, the Intrinsic Value of Target Corp (TGT) is 424.35 USD.

Which company dividend yield is best? ›

Highest Dividend Yield Shares

S.No.	Name	Payout ratio %
1.	Taparia Tools	65.15
2.	Styrenix Perfor.	99.96
3.	Coal India	53.06
4.	Bhansali Engg.	55.39

23 more rows

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Does Target pay a good dividend? ›

Dividend Yield vs Market

Notable Dividend: TGT's dividend (2.81%) is higher than the bottom 25% of dividend payers in the US market (1.55%). High Dividend: TGT's dividend (2.81%) is low compared to the top 25% of dividend payers in the US market (4.77%).

Learn More ›

Who has the highest dividend yield? ›

20 high-dividend stocks

Company	Dividend Yield
Altria Group Inc. (MO)	9.18%
CVR Energy Inc (CVI)	9.17%
Chord Energy Corp (CHRD)	8.98%
Evolution Petroleum Corporation (EPM)	8.85%

17 more rows

3 days ago

High	^$220.00
Median	^$190.00
Low	^$153.00
Average	^$186.88
Current Price	^$164.44

Beta (5Y Monthly)	1.15
S&P 500 52-Week Change ³	21.33%
52 Week High ³	181.86
52 Week Low ³	102.93
50-Day Moving Average ³	165.60

Target (NYSE:TGT) Dividend Yield, History and Growth - Simply Wall St (2024)

Dividend criteria checks 5/6

Key information

Recent dividend updates

Recent updates

Target: Shares Due For A Pause, Earnings In Focus

Target's Aim Is Improving

Results: Target Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts

Target Q4 Preview: Top-Line Focus As Earnings Strength Appears Priced In

Returns On Capital At Target (NYSE:TGT) Have Stalled

We Are Not Confident Buying Target Before The Next Quarterly Results

Target: Is This A Good Dividend Stock To Buy Before Q4 Earnings?

Is It Too Late To Consider Buying Target Corporation (NYSE:TGT)?

Target Corporation's (NYSE:TGT) Shares May Have Run Too Fast Too Soon

Target: Reviewing This Dividend King's Dividend Safety

Target Corporation: Strong Cash Flow And Stronger Margins

Is Target (NYSE:TGT) Using Too Much Debt?

Add Target To Your Holiday Shopping List

Is Target Corporation (NYSE:TGT) Trading At A 43% Discount?

Target: A Tempting But Risky Investment

Target Q3 Earnings Preview: Are Shares Oversold Ahead Of Quarterly Results?

Target (NYSE:TGT) Hasn't Managed To Accelerate Its Returns

Target: Don't Just Window-Shop, Upgrading To Buy On Valuation

Is There Now An Opportunity In Target Corporation (NYSE:TGT)?

Target Corporation And Its Real Value

Target: Financials Say Buy, But Too Much Drama For Now

These 4 Measures Indicate That Target (NYSE:TGT) Is Using Debt Extensively

Target: EPS Likely To Fall Further As New Economic Headwinds Grow

Target: A Buy For The Kingly Dividend And Hold For The Turnaround

Target: Optimistic Consumers Pulling Back, Retail Earnings On Tap, Shares A Hold

Investors Could Be Concerned With Target's (NYSE:TGT) Returns On Capital

Target (NYSE:TGT) Is Increasing Its Dividend To $1.10

Target: Improved Upside And Yield After The Steep Sell-Off

Target (NYSE:TGT) Is Paying Out A Larger Dividend Than Last Year

Target: Turning Constructive (Rating Upgrade)

Is Now The Time To Look At Buying Target Corporation (NYSE:TGT)?

Upcoming Dividend Payment

Stability and Growth of Payments

Dividend Yield vs Market

Earnings Payout to Shareholders

Cash Payout to Shareholders

Discover strong dividend paying companies

FAQs

Target (NYSE:TGT) Dividend Yield, History and Growth - Simply Wall St? ›

Should I invest in Target 2024? ›