Trailing Dividend / Share
$4.43
Target Corporation (TGT) Dividend History
Income profile from 1983 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
3.9%
Payout Ratio
50.0%
Sustainable
Dividend Streak
42 years
3-Second Income Check
Safety
50.0% payout ratio with sustainable safety profile.
Consistency
42 straight years of dividend increases.
Income Trend
Yield on cost is 2.5% and trend is rising.
Dividend Scorecard
Yield & Income
Dividend Yield3.9%
Trailing DPS$4.43
FrequencyAnnual
Payments / 12M4
Payout Safety
Earnings Payout50.0%
Earnings SafetySustainable
FCF Payout37.0%
FCF SafetyWell Covered
Piotroski F-Score7/9
Growth
Growth Streak42 years
3Y CAGR4.5%
5Y CAGR11.0%
Yield on Cost (5Y)2.5%
YOC Trendrising
Total Returns
Buyback Yield1.9%
Total Shareholder Yield5.8%
1Y Total Return-4.8%
5Y Total Return-27.6%
Div Contribution (5Y)11.2%
Estimated $10K growth (return + dividends):
5Y ago$7,23810Y ago$18,78520Y ago$29,219
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
Income Growth Story
Dividend per share and yield on cost over time (44 years of payments)
Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Target Corporation distributes 50.0% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 37.0%, rated "Well Covered".
Piotroski F-Score: 7/9 — strong financial health.
Growth Track Record
TGT has raised its dividend for 42 consecutive years, with a 3-year CAGR of 4.5% and 5-year CAGR of 11.0%.
Total Shareholder Returns
Beyond cash dividends, TGT returns capital through share repurchases. The combined picture: 3.9% dividend yield, 1.9% buyback yield, 5.8% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 2.5% and is currently rising. The 5-year total return is -27.6%, with dividends contributing 11.2% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $18,785 today.
Recent Dividend Payments
Last 20 payments · Annual
TTM Total$20.90
Avg/Payment$1.0450
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Feb 11, 2026Latest | $1.1400 | — | 3.96% | Mar 1, 2026 |
| Nov 12, 2025 | $1.1400 | — | 4.92% | Dec 1, 2025 |
| Aug 13, 2025 | $1.1400 | ↑ +1.8% | 4.27% | Sep 1, 2025 |
| May 14, 2025 | $1.1200 | — | 4.70% | Jun 1, 2025 |
| Feb 12, 2025 | $1.1200 | — | 3.50% | Mar 1, 2025 |
| Nov 20, 2024 | $1.1200 | — | 3.65% | Dec 10, 2024 |
| Aug 21, 2024 | $1.1200 | ↑ +1.8% | 2.78% | Sep 10, 2024 |
| May 14, 2024 | $1.1000 | — | 2.77% | Jun 10, 2024 |
Dividend Peer Comparison
Peer group: Warehouse Clubs and Supercenters
#1 yield in peer group
Div Yield
3.9%
#1 of 5
Safety
Sustainable
50.0% payout
Streak
42Y
11.0% 5Y CAGR
Total Shareholder
5.8%
#1 of 5
Annual Dividend History
44 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.14 | — | 1 | — | — | — | 0.6% |
| 2025 | $4.52 | 1.8% | 4 | — | — | — | 2.5% |
| 2024 | $4.44 | 1.8% | 4 | $8.86 | 50.1% | 2.00x | 2.5% |
| 2023 | $4.36 | 10.1% | 4 | $8.94 | 48.8% | 2.05x | 2.5% |
| 2022 | $3.96 | 25.3% | 4 | $5.98 | 66.2% | 1.51x | 2.2% |
| 2021 | $3.16 | 17.9% | 4 | $14.10 | 22.4% | 4.46x | 1.8% |
| 2020 | $2.68 | 3.1% | 4 | $8.64 | 31.0% | 3.22x | 1.5% |
| 2019 | $2.60 | 3.2% | 4 | $6.36 | 40.9% | 2.45x | 1.5% |
| 2018 | $2.52 | 3.3% | 4 | $5.51 | 45.7% | 2.19x | 1.4% |
| 2017 | $2.44 | 5.2% | 4 | $5.29 | 46.1% | 2.17x | 1.4% |
See TGT's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonFrequently Asked Questions
How much dividend does TGT pay per share?
Target Corporation (TGT) pays a trailing 12-month dividend of $4.43 per share, with a current dividend yield of +3.9%. Payments are made Annual.
When is TGT's next ex-dividend date?
TGT's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. TGT typically pays dividends Annual.
Is TGT's dividend safe?
TGT's dividend safety is rated "Sustainable" based on an earnings payout ratio of +50.0% and FCF payout ratio of +37.0%. With 42 consecutive years of dividend growth, the track record supports sustainability.
Is TGT a Dividend Aristocrat?
Yes, Target Corporation is classified as a Dividend Aristocrat with 42 consecutive years of dividend increases. The 5-year dividend CAGR is +11.0%, demonstrating above-inflation dividend growth.
How often does TGT pay dividends?
Target Corporation pays dividends Annual. The trailing 12-month total is $4.43 per share. Dividend data on this page covers 43+ years from 1983 to 2026.
How much would $10,000 invested in TGT grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in TGT five years ago would be worth approximately $7,238 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is TGT's yield on cost for long-term holders?
TGT's yield on cost — the current dividend divided by the original purchase price — is +2.5% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +3.9% market yield, thanks to consistent dividend growth.