Target (TGT) Authorizes $5B Buyback Plan; Sees Growing Annual Dividend to $3/Share by 2017
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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.
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.
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