Target declared a quarterly dividend of $1.16 per share, a 1.8% increase from the prior year that keeps its 50-year dividend streak intact. The raise matches the 1.8% pattern of the prior three quarters, a sharp step down from the increase from $0.68 to $0.90 in 2021 and from $0.90 to $1.08 in 2022. FY2026 operating cash flow fell to $6.562 billion, down 10.93%, while capital expenditure jumped 28.92% for remodels, and management said it is moving toward a 40% payout ratio over time. The company is a national general merchandiser contending with mass discounters and e-commerce on traffic, markdowns and inventory turns. Investors will watch the June 2027 announcement for either a mid-single-digit raise or another 1.8% token increase.
Target CorporationTarget declared a $1.16 quarterly dividend, a 1.8% raise that extends its 50-year dividend streak.
