Target Boosts Quarterly Dividend to 90 Cents a Share

By Matt Grossman

Target Corp. is boosting its quarterly dividend to 90 cents a share, a 32% increase from its previous dividend of 68 cents a share, the Minneapolis-based retailer said Wednesday.

The third-quarter dividend will be payable on Sept. 10 to shareholders of record on Aug. 18.

Chief Financial Officer Michael Fiddelke said the increased dividend reflects a commitment to disciplined capital deployment.

Write to Matt Grossman at [e-mail]

(END) Dow Jones Newswires

06-09-21 0702ET