Target (TGT) Raises Qtr. Dividend to $0.16

June 12, 2008 8:26 AM EDT

Target Corporation (NYSE: TGT) today announced that its Board has declared a quarterly dividend of $0.16 per common share, payable on September 10 to shareholders of record on August 20. The dividend represents a 14% increase over its last quarter dividend of $0.14

The Q3 dividend will be the company's 164th consecutive dividend paid since October 1967 when the company became publicly held.

Target Corporation operates large-format general merchandise and food discount stores under the brand names of 'Target' and 'SuperTarget' in the United States.


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