1 Retail Stock for Income Investors to Consider
When almost everyone thinks that the retail industry is done
because more consumers are shopping online, one retail company just keeps on
raising its payout to investors.
I’m talking about Target Corporation (NYSE:TGT), which
operates more than 1,800 department stores located across the U.S.
On Thursday, June 13, Target declared a quarterly cash
dividend of $0.66 per common share. The amount represented a 3.1% increase from
the company’s previous quarterly dividend rate of $0.64 per common share. The
raised dividend will be paid on September 10, 2019 to shareholders of record as
of August 21. (Source: “Target Corporation Announces 3.1 Percent Dividend
Increase,” Target Corporation, June 13, 2019.)
A three-percent payout increase may not seem like much in an
era where people care about capital gains the most. However, the announcement
on Thursday marked the continuation of an important tradition at Target
Corporation: returning an increasing amount of cash to shareholders.
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