Trailing Dividend / Share
$4.51
Target Corporation (TGT) Dividend History
Income profile from 1983 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
3.4%
Payout Ratio
55.4%
Sustainable
Dividend Streak
43 years
TGT Dividend Income Check
Safety
55.4% payout ratio with sustainable safety profile.
Consistency
43 straight years of dividend increases.
Income Trend
Yield on cost is 2.5% and trend is rising.
TGT Dividend Scorecard
Yield & Income
Dividend Yield3.4%
Trailing DPS$4.51
FrequencyQuarterly
Payments / 12M5
Payout Safety
Earnings Payout55.4%
Earnings SafetySustainable
FCF Payout49.2%
FCF SafetyWell Covered
Piotroski F-Score6/9
Growth
Growth Streak43 years
3Y CAGR4.5%
5Y CAGR11.0%
Yield on Cost (5Y)2.5%
YOC Trendrising
Total Returns
Buyback Yield0.7%
Total Shareholder Yield4.1%
1Y Total Return42.2%
5Y Total Return-34.0%
Div Contribution (5Y)9.3%
Estimated $10K growth (return + dividends):
5Y ago$6,59810Y ago$24,25420Y ago$36,036
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.
TGT Income Growth Story
Dividend per share and yield on cost over time (44 years of payments)
TGT Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
Target Corporation distributes 55.4% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 49.2%, rated "Well Covered".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
TGT has raised its dividend for 43 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: 3.4% dividend yield, 0.7% buyback yield, 4.1% 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 -34.0%, with dividends contributing 9.3% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $24,254 today.
TGT Recent Dividend Payments
Last 20 payments · Quarterly
TTM Total$21.62
Avg/Payment$1.0810
Latest Change+1.8%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Aug 12, 2026Latest | $1.1600 | ↑ +1.8% | 3.50% | Sep 1, 2026 |
| May 13, 2026 | $1.1400 | — | 3.75% | Jun 1, 2026 |
| Feb 11, 2026 | $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 |
TGT Dividend vs Peers
Comparable companies in the same industry
#1 yield in peer group
Div Yield
3.4%
#1 of 6
Safety
Sustainable
55.4% payout
Streak
43Y
11.0% 5Y CAGR
Total Shareholder
4.1%
#3 of 6
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
1st TGTTarget Corporation | $59.4B | 3.4% | 55.4% | 43 | Sustainable |
 WMTWalmart Inc. | $934.0B | 0.8% | 34.3% | 52 | Sustainable |
 COSTCostco Wholesale Cor… | $421.9B | 0.5% | 27.0% | 22 | Sustainable |
3rd  KRThe Kroger Co. | $34.9B | 2.4% | 87.1% | 19 | At Risk |
 DGDollar General Corpo… | $25.0B | 2.1% | 34.4% | 0 | Sustainable |
2nd  MMacy's, Inc. | $6.3B | 3.0% | 30.7% | 4 | Sustainable |
TGT Annual Dividend History (1983–2026)
44 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $3.44 | — | 3 | — | — | — | 1.9% |
| 2025 | $4.52 | 1.8% | 4 | $8.13 | 55.6% | 1.80x | 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% |
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into TGT consensus models and risk factors.
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
43+ years return with dividends reinvested.
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DCA Calculator
See how regular investing compounds over time.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
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TGT — Frequently Asked Questions
Quick answers to the most common questions about buying TGT stock.
How much dividend does TGT pay per share?
Target Corporation (TGT) pays a trailing 12-month dividend of $4.51 per share, with a current dividend yield of +3.4%. Payments are made Quarterly.
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 Quarterly.
Is TGT's dividend safe?
TGT's dividend safety is rated "Sustainable" based on an earnings payout ratio of +55.4% and FCF payout ratio of +49.2%. With 43 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 43 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 Quarterly. The trailing 12-month total is $4.51 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 $6,598 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 +3.4% market yield, thanks to consistent dividend growth.