Target (NYSE: TGT) declared a quarterly dividend of $0.66 per share, or $2.64 annualized.

The dividend will be payable on December 10, 2019, to stockholders of record on November 20, 2019, with an ex-dividend date of November 19, 2019.

The annual yield on the dividend is 2.5 percent.

Also today, Target Corporation announced that its board of directors has authorized a new $5 billion share repurchase program. The Company will begin repurchasing shares under this new authorization upon completion of the current $5 billion program, which is expected to occur in the 2020 fiscal year.

For a dividend history and other dividend-related data on Target (TGT) click here.