Target a Top Ranked SAFE Dividend Stock With 2.7% Yield (TGT)

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Target Corp (Symbol: TGT) has been named to the Dividend Channel ”S.A.F.E. 25” list, signifying a stock with above-average ”DividendRank” statistics including a strong 2.7% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ”DividendRank” report.

According to the ETF Finder at ETF Channel, Target Corp is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 1.06% of the SPDR S&P Dividend ETF (SDY), which holds $219,063,882 worth of TGT shares.

Target Corp (Symbol: TGT) made the “Dividend Channel S.A.F.E. 25” list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.

The annualized dividend paid by Target Corp is $4.4/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 05/14/2024. Below is a long-term dividend history chart for TGT, which the report stressed as being of key importance.

TGT+Dividend+History+Chart

TGT operates in the Department Stores sector, among companies like Walmart Inc (WMT), and Costco Wholesale Corp (COST).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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