Target Corporation
TGT42 yrs growthConsumer Defensive · Stock · quarterly payer
Forward Yield
3.32%
Annual Dividend
$4.64
Payout Ratio
60%
5-Yr Growth
11.0%
Ex-Date
Aug 12, 2026
Frequency
Quarterly
Summary
As of July 2026, Target Corporation (TGT) yields 3.32% ($4.64 per share annually), with a blended fair-value estimate of $105.93 — -24% downside, so it screens as overvalued. Dividend safety grade: A (90/100). 42 years of dividend growth.
Is TGT a good dividend stock?
YesTarget Corporation (TGT) pays a quarterly dividend yielding 3.32% ($4.64/yr), with 42 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 42 consecutive years of growth
- Never cut its dividend on record
- Comfortable payout ratio (60%)
- Strong 11.0% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.32%
- Payout Ratio
- 60%
- Annual Dividend
- $4.64
- 5-Yr Avg Growth
- 11.0%
- Ex-Dividend Date
- Aug 12, 2026
- Years of Growth
- 42
- Frequency
- quarterly
- Beta
- 0.98
- Market Cap
- $63.4B
- P/E Ratio
- 18.4
- 5-Yr Total Return
- -43%
- 52-Week Range
- $83.44 – $144.40
- Dividend Safety
- A · 90/100
- Ever Cut?
- No
Frequently Asked Questions
TGT Price — Last 12 Months
Daily close
Price Return
1 Year
+45%
3 Years
+10%
5 Years
-43%
52-Week Range
$83.44 – $144.40
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TGT worth?
Overvaluedhigh confidenceOur blended fair-value estimate for Target Corporation is $105.93 per share, versus a market price of $139.60. That implies 24% of downside.
Fair Value
$105.93
Current Price
$139.60
Downside
-24%
Margin of Safety
-32%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 10.4% annual free-cash-flow growth. We model 5.5% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.2% discount rate (CAPM), 5.5% stage-1 growth, 2.5% terminal growth, $7.57 EPS, $4.64 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TGT Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 13, 2026 | — | $1.1400 | regular |
| Feb 11, 2026 | — | $1.1400 | regular |
| Nov 12, 2025 | — | $1.1400 | regular |
| Aug 13, 2025 | — | $1.1400 | regular |
| May 14, 2025 | — | $1.1200 | regular |
| Feb 12, 2025 | — | $1.1200 | regular |
| Nov 20, 2024 | — | $1.1200 | regular |
| Aug 21, 2024 | — | $1.1200 | regular |
| May 14, 2024 | — | $1.1000 | regular |
| Feb 20, 2024 | — | $1.1000 | regular |
| Nov 14, 2023 | — | $1.1000 | regular |
| Aug 15, 2023 | — | $1.1000 | regular |
| May 16, 2023 | — | $1.0800 | regular |
| Feb 14, 2023 | — | $1.0800 | regular |
Income Calculator
At $4.64 / yr per share
