Target (TGT) Declares $0.52 Quarterly Dividend; 2.8% Yield

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Go back to Target (TGT) Declares $0.52 Quarterly Dividend; 2.8% Yield

Target (TGT) Plans to Exit Canadian Ops; Boosts Q4 Comps Outlook

January 15, 2015 8:20 AM EST

Target (NYSE: TGT) announced that it plans to discontinue operating stores in Canada through its indirect wholly-owned subsidiary, Target Canada Co. (Target Canada). As a part of that process, this morning Target Canada filed an application for protection under the Companies Creditors Arrangement Act (the CCAA) with the Ontario Superior Court of Justice (Commercial List) in Toronto (the Court).

When I joined Target, I promised our team and shareholders that I would take a hard look at our business and operations in an effort to improve our performance and transform our company. After a thorough review of... More