Target (TGT) Dividend
42 yrs growthTarget Corporation · Consumer Defensive · Discount Stores · quarterly payer
As of Nov 5, 2026, Target (TGT) pays a quarterly dividend of $1.16 per share, or $4.64 a year, a 2.84% yield at its $159.67 share price. The next ex-dividend date is Nov 10, 2026, paid Dec 1, 2026. It has raised its dividend 42 years in a row and has a dividend safety grade of A.
Forward Yield
2.84%
Annual Dividend
$4.64
Payout Ratio
47%
5-Yr Growth
11.0%
Ex-Date
Nov 10, 2026
Frequency
Quarterly
Key facts about TGT's dividend
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Target Corporation (TGT) has a forward dividend yield of 2.84%, based on an annual dividend of $4.64 per share and a share price of $159.67.
- As of Nov 5, 2026, TGT's dividend safety grade from SmarterDividends is A (93 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Target Corporation (TGT) has raised its dividend for 42 consecutive years as of Nov 5, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
- TGT has never cut its regular dividend in the payment history SmarterDividends has on record.
- TGT's next ex-dividend date is Nov 10, 2026, with payment on Dec 1, 2026. Shares must be owned before that date to receive the dividend.
- As of Nov 5, 2026, TGT pays out 47% of its trailing 12-month earnings as dividends (its payout ratio).
- TGT's dividend has grown at an average rate of 11.0% a year over the past five years.
- As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for TGT is $155.41 per share, 3% below the $159.67 share price, so TGT screens as fairly valued.
- Target Corporation (TGT) pays its dividend quarterly, 4 times a year.
- Target Corporation (TGT) has raised its regular dividend 43 times and cut it 0 times across the 174 payments on record since 1983. Its most recent change was a 1.8% increase to $1.16 per share, going ex-dividend on Aug 12, 2026.
- Target (TGT) has declared its first higher dividend of the year in June in 5 of the last 5 years; its most recent raise, 1.8%, was declared on Jun 11, 2026.
Cite this page
SmarterDividends, "TGT Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/TGT
Is TGT a good dividend stock?
YesTarget Corporation (TGT) pays a quarterly dividend yielding 2.84% ($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 (47%)
- 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
- 2.84%
- Payout Ratio
- 47%
- Annual Dividend
- $4.64
- 5-Yr Avg Growth
- 11.0%
- Ex-Dividend Date
- Nov 10, 2026
- Years of Growth
- 42
- Frequency
- quarterly
- Beta
- 0.93
- Market Cap
- $72.5B
- P/E Ratio
- 16.6
- 5-Yr Total Return
- -37%
- 52-Week Range
- $83.44 – $170.75
- Dividend Safety
- A · 93/100
- Ever Cut?
- No
TGT dividend raises and cuts
Target Corporation (TGT) has raised its regular dividend 43 times and cut it 0 times across the 174 payments on record since 1983. Its most recent change was a 1.8% increase to $1.16 per share, going ex-dividend on Aug 12, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Aug 12, 2026 | Raise | $1.14 → $1.16 | +1.8% |
| Aug 13, 2025 | Raise | $1.12 → $1.14 | +1.8% |
| Aug 21, 2024 | Raise | $1.10 → $1.12 | +1.8% |
| Aug 15, 2023 | Raise | $1.08 → $1.10 | +1.9% |
| Aug 16, 2022 | Raise | $0.900 → $1.08 | +20.0% |
| Aug 17, 2021 | Raise | $0.680 → $0.900 | +32.4% |
| Aug 18, 2020 | Raise | $0.660 → $0.680 | +3.0% |
| Aug 20, 2019 | Raise | $0.640 → $0.660 | +3.1% |
| Aug 14, 2018 | Raise | $0.620 → $0.640 | +3.2% |
| Aug 14, 2017 | Raise | $0.600 → $0.620 | +3.3% |
| Aug 15, 2016 | Raise | $0.560 → $0.600 | +7.1% |
| Aug 17, 2015 | Raise | $0.520 → $0.560 | +7.7% |
Show all 43 changes since 1983
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Aug 18, 2014 | Raise | $0.430 → $0.520 | +20.9% |
| Aug 19, 2013 | Raise | $0.360 → $0.430 | +19.4% |
| Aug 13, 2012 | Raise | $0.300 → $0.360 | +20.0% |
| Aug 16, 2011 | Raise | $0.250 → $0.300 | +20.0% |
| Aug 18, 2010 | Raise | $0.170 → $0.250 | +47.1% |
| Aug 18, 2009 | Raise | $0.160 → $0.170 | +6.3% |
| Aug 18, 2008 | Raise | $0.140 → $0.160 | +14.3% |
| Aug 16, 2007 | Raise | $0.120 → $0.140 | +16.7% |
| Aug 16, 2006 | Raise | $0.100 → $0.120 | +20.0% |
| Aug 17, 2005 | Raise | $0.0800 → $0.100 | +25.0% |
| Aug 18, 2004 | Raise | $0.0700 → $0.0800 | +14.3% |
| Aug 18, 2003 | Raise | $0.0600 → $0.0700 | +16.7% |
| Feb 15, 2002 | Raise | $0.0550 → $0.0600 | +9.1% |
| Aug 16, 2000 | Raise | $0.0500 → $0.0550 | +10.0% |
| Feb 17, 1999 | Raise | $0.0450 → $0.0500 | +11.1% |
| Nov 18, 1997 | Raise | $0.0400 → $0.0450 | +12.5% |
| Aug 16, 1996 | Raise | $0.0367 → $0.0400 | +9.1% |
| May 15, 1995 | Raise | $0.0350 → $0.0367 | +4.8% |
| Feb 14, 1994 | Raise | $0.0333 → $0.0350 | +5.0% |
| Feb 12, 1993 | Raise | $0.0317 → $0.0333 | +5.3% |
| Feb 13, 1992 | Raise | $0.0300 → $0.0317 | +5.6% |
| Feb 13, 1991 | Raise | $0.0275 → $0.0300 | +9.1% |
| Feb 13, 1990 | Raise | $0.0233 → $0.0275 | +17.9% |
| Feb 13, 1989 | Raise | $0.0213 → $0.0233 | +9.8% |
| Feb 12, 1988 | Raise | $0.0192 → $0.0213 | +10.9% |
| Feb 13, 1987 | Raise | $0.0175 → $0.0192 | +9.5% |
| Feb 19, 1986 | Raise | $0.0171 → $0.0175 | +2.4% |
| Nov 14, 1985 | Raise | $0.0154 → $0.0171 | +10.8% |
| Nov 14, 1984 | Raise | $0.0136 → $0.0154 | +13.5% |
| Aug 14, 1984 | Raise | $0.0135 → $0.0136 | +0.6% |
| Nov 14, 1983 | Raise | $0.0125 → $0.0135 | +8.0% |
Frequently Asked Questions
Is TGT a good dividend stock?
Yes. Target Corporation (TGT) pays a quarterly dividend yielding 2.84% ($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.
Is TGT undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TGT's fair value is about $155.41 versus a $159.67 share price — so it looks fairly valued (-3% vs. fair value).
Is TGT's dividend safe?
TGT has a dividend-safety grade of A (93/100), based on its payout coverage, free-cash-flow, 42-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is TGT's fair value?
Our blended fair-value estimate for TGT is about $155.41 per share, about 3% below the current $159.67 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is TGT a buy, hold, or sell?
We don't issue formal ratings, but on the data TGT screens as "yes" and fairly valued. Target Corporation (TGT) pays a quarterly dividend yielding 2.84% ($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. This is research for your own analysis, not investment advice.
Will TGT cut its dividend?
TGT earns a dividend-safety grade of A (93/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does TGT pay a dividend?
Yes. Target Corporation pays a quarterly dividend of about $4.64 per share annually, a forward yield of roughly 2.84%.
How much dividend does 100 shares of TGT pay?
At $4.64 per share a year, 100 shares of TGT pay $464.00 a year in dividends before tax, about $116.00 each quarter. Buying them costs about $15,967 at the Nov 5, 2026 price.
What is TGT's dividend yield?
As of Nov 5, 2026, TGT's forward dividend yield is 2.84%, based on a $4.64 annual dividend and a $159.67 share price.
What is TGT's dividend per share?
As of Nov 5, 2026, TGT pays $4.64 per share per year, distributed on a quarterly basis.
What is TGT's dividend payout ratio?
As of Nov 5, 2026, TGT's payout ratio is 47% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has TGT grown its dividend?
As of Nov 5, 2026, TGT has increased its dividend for 42 consecutive years.
When is the next TGT ex-dividend date?
As of Nov 5, 2026, the next ex-dividend date on record for TGT is Nov 10, 2026.
TGT Price — Last 12 Months
Daily close
Price Return
1 Year
+70%
3 Years
+15%
5 Years
-37%
52-Week Range
$83.44 – $170.75
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TGT worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Target Corporation is $155.41 per share, versus a market price of $159.67. That implies the stock is roughly fairly priced.
Fair Value
$155.41
Current Price
$159.67
Gap
-3%
Margin of Safety
-3%
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 9.5% annual free-cash-flow growth. We model 8.9% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.2% discount rate (CAPM), 8.9% growth for five years fading to 2.5% over the next five, $9.63 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
Full TGT dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 12, 2026 | Sep 1, 2026 | $1.1600 | regular |
| May 13, 2026 | Jun 1, 2026 | $1.1400 | regular |
| Feb 11, 2026 | Mar 1, 2026 | $1.1400 | regular |
| Nov 12, 2025 | Dec 1, 2025 | $1.1400 | regular |
| Aug 13, 2025 | Sep 1, 2025 | $1.1400 | regular |
| May 14, 2025 | Jun 1, 2025 | $1.1200 | regular |
| Feb 12, 2025 | Mar 1, 2025 | $1.1200 | regular |
| Nov 20, 2024 | Dec 10, 2024 | $1.1200 | regular |
| Aug 21, 2024 | Sep 10, 2024 | $1.1200 | regular |
| May 14, 2024 | Jun 10, 2024 | $1.1000 | regular |
| Feb 20, 2024 | Mar 10, 2024 | $1.1000 | regular |
| Nov 14, 2023 | Dec 10, 2023 | $1.1000 | regular |
| Aug 15, 2023 | Sep 10, 2023 | $1.1000 | regular |
| May 16, 2023 | Jun 10, 2023 | $1.0800 | regular |
Income Calculator
At $4.64 / yr per share
Similar Dividend Stocks
Compare TGT
Explore more
Lists and tools related to TGT
- Does Target pay dividends? →
- Companies that raise dividends in June →
- Stocks that pay dividends in December →
- Dividend Aristocrats (25+ years) →
- Safest dividend stocks →
- Consumer Defensive dividend stocks →
- TGT dividend calculator →
- TGT DRIP calculator →
- TGT: last day to buy for the dividend →
- Embed TGT dividend data on your site →
- Dividend increases & cuts this week →
- Dividend calendar →
- Dividend calculator →
- Dividend income calculator →
- DRIP calculator →
- Latest dividend cuts →
- Dividend cuts this month (research note) →
- Dividend increases this month (research note) →
- Safety score track record →
- Dividend screener →
- Dividend history lookup →
- Guide: what is a good dividend yield? →
- Guide: how to value a dividend stock →