Target (TGT) to Request Board Permission for Dividend Boost

March 28, 2013 1:44 PM EDT
Target Corp. (NYSE: TGT) CFO John Mulligan said the company will ask the board to boost its dividend rate in a plan to return more cash to shareholders.

Target's current payout is 36 cents per quarter for an annual yield of 2.1 percent.

Comments are being made at the CIBC Retail and Consumer Conference today.

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