By Colin Kellaher

Target's board has raised the quarterly dividend by 1.8%, to $1.16 from $1.14, making it 55 straight years that the retailer has boosted its payout.

The new dividend, equal to $4.64 a year, represents an annual yield of about 3.63% based on Wednesday's closing price of $127.98, up from 3.56%.

With the increase, Target maintains its spot in the S&P 500 Dividend Aristocrats Index, whose 69 members have paid a higher dividend for at least 25 straight years.

The increase also keeps Target's place on the smaller list of dividend kings--those who have raised their dividends annually for at least a half century. That group currently counts 58 members, according to website Sure Dividend.

The Minneapolis company on Thursday said the increased dividend is payable Sept. 1 to shareholders of record Aug. 12.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

June 11, 2026 06:54 ET (10:54 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.