Target (TGT) Authorizes $5B Buyback Plan; Sees Growing Annual Dividend to $3/Share by 2017
Tweet Send to a Friend
Get Alerts TGT Hot Sheet
Down)
Trade TGT Now!
Target (NYSE: TGT) reports new $5 billion buyback program. The retailer plans to begin the new plan upon completion of the current $10 billion plan in early 2012. The new $5 billion plan will take place over the next 2-3 years.
The company also commented on its dividend, saying the Board expects to grow the dividend toward a $3 per share annual dividend by 2017. The company's current annual dividend sits at $1.20 per share.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The company also commented on its dividend, saying the Board expects to grow the dividend toward a $3 per share annual dividend by 2017. The company's current annual dividend sits at $1.20 per share.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Macy's (M) Posts Q1 EPS of 55c; Comps Up 3.8%; Boosts Dividend 25%, Raises Buyback
- Umpqua Holdings Corp (UMPQ) Declares $0.05 Special Dividend; 0.4% Yield
- Lifeway Foods, Inc. (LWAY) Raises Annual Dividend 14.3% to $0.08; 0.5% Yield
Create E-mail Alert Related Categories
Dividends, Hot Buybacks, Stock BuybacksRelated Entities
DividendComments
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
share buyback
Target marksman on Mar 2, 2012 10:01 AMMark as Spam | Reply to this comment
The company is buying while the insiders are selling. Sweet!