Target Corporation (NYSE:TGT)
Target has paid higher dividends for 45 straight years, with last year’s 20% boost taking the yield to about 2%. The retailer has faced some of the same difficulties as other big-box retail giants lately, including an unstable economy and pressure from online retail. But Target’s strategy of bringing in brand-name designers for exclusive collections has helped it avoid some of the “showrooming” problems that its peers have faced.
Target Corporation (NYSE:TGT) announced its increase on June 14 last year and as early as June 8 the previous year. If it follows the same pattern, then shareholders could see more money coming their way before the week is out.
Dividends are an important part of the total returns that shareholders get from their stock investments. Make sure you know when the companies whose shares you own usually boost their dividend payments: It can clue you in on potential good news before it happens.
The article It’s Time for This Dow Stock to Raise Its Dividend originally appeared on Fool.com and is written by Dan Caplinger.
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