Target (TGT) dividend history and yield
Dividend summary
- Frequency
- Quarterly
- Trailing 12 months
- $4.58
- Forward yield
- 3.01%
- Payout ratio
- 45.6%
- Growth streak
- 5 years
Target pays a quarterly dividend of $1.16 per share. Its next payment is already scheduled, with an ex-date of November 10, 2026 and a pay date of December 1, 2026. The most recent paid dividend went ex on August 12, 2026 and was paid on September 1. Over the trailing twelve months, it paid $4.58 per share, a yield of about 2.94% at a share price of $156.00.
Target has raised its dividend once a year, each time with the payment that goes ex-dividend in August. The largest raise in the table came in 2022, from $0.90 to $1.08, or 20%. Since then each raise has been two cents, or about 1.8% to 1.9%: to $1.10 in 2023, $1.12 in 2024, $1.14 in 2025 and $1.16 in 2026. Since early 2022, the quarterly rate has grown about 29%. Payments by calendar year rose from $3.96 in 2022 to $4.52 in 2025. The company has increased its dividend for five consecutive years.
If the pattern holds, the payment after the scheduled November one would go ex-dividend in mid-February 2027 and be paid in early March. Past raises have come with the August payment.
Dividend per share by year
Dividend history
| Declared | Ex-dividend date | Pay date | Amount |
|---|---|---|---|
| Sep 23, 2026 | Nov 10, 2026 | Dec 1, 2026 | $1.16 |
| Jun 11, 2026 | Aug 12, 2026 | Sep 1, 2026 | $1.16 |
| Mar 11, 2026 | May 13, 2026 | Jun 1, 2026 | $1.14 |
| Jan 22, 2026 | Feb 11, 2026 | Mar 1, 2026 | $1.14 |
| Sep 17, 2025 | Nov 12, 2025 | Dec 1, 2025 | $1.14 |
| Jun 12, 2025 | Aug 13, 2025 | Sep 1, 2025 | $1.14 |
| Mar 12, 2025 | May 14, 2025 | Jun 1, 2025 | $1.12 |
| Jan 15, 2025 | Feb 12, 2025 | Mar 1, 2025 | $1.12 |
| Sep 18, 2024 | Nov 20, 2024 | Dec 10, 2024 | $1.12 |
| Jun 12, 2024 | Aug 21, 2024 | Sep 10, 2024 | $1.12 |
| Mar 13, 2024 | May 14, 2024 | Jun 10, 2024 | $1.10 |
| Jan 17, 2024 | Feb 20, 2024 | Mar 10, 2024 | $1.10 |
| Sep 20, 2023 | Nov 14, 2023 | Dec 10, 2023 | $1.10 |
| Jun 15, 2023 | Aug 15, 2023 | Sep 10, 2023 | $1.10 |
| Mar 9, 2023 | May 16, 2023 | Jun 10, 2023 | $1.08 |
| Jan 12, 2023 | Feb 14, 2023 | Mar 10, 2023 | $1.08 |
| Sep 22, 2022 | Nov 15, 2022 | Dec 10, 2022 | $1.08 |
| Jun 9, 2022 | Aug 16, 2022 | Sep 10, 2022 | $1.08 |
| Mar 10, 2022 | May 17, 2022 | Jun 10, 2022 | $0.90 |
| Jan 13, 2022 | Feb 15, 2022 | Mar 10, 2022 | $0.90 |
Frequently asked questions
Does Target (TGT) pay a dividend?
Yes. Target pays a quarterly dividend; the most recent payment was $1.16 per share.
What is TGT's dividend yield?
Target paid $4.58 per share over the trailing twelve months, a yield of 3.01% at the last price of $151.99. Click here to learn more
When is TGT's next ex-dividend date?
Target's next ex-dividend date is Nov 10, 2026, payable on Dec 1, 2026.
What is the difference between ex and payment dates?
An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. Click here to learn more
Has TGT been raising its dividend?
Yes — Target has increased its dividend for 5 consecutive calendar years.
Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.