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Target Corp declares 189th consecutive quarterly dividend
13
Sep '14
The board of directors of Target Corporation has declared a quarterly dividend of 52 cents per common share. According to a statement from the Target Corporation, the dividend is payable December 10, 2014 to shareholders of record at the close of business November 19, 2014.

The 4th quarter dividend will be the company’s 189th consecutive dividend paid since October 1967 when the company became publicly held.

Target Corporation posted a decline of 20.6 percent year-on-year in its second quarter of 2014 adjusted earnings per share. In second quarter 2014, US sales increased 0.7 percent to $17.0 billion from $16.8 billion in second quarter last year, which Target said, reflects the contribution from new stores and from flat comparable sales.

In second quarter of 2014, Target paid dividends of $272 million, an increase of 18 percent from $231 million last year. In June, it increased the quarterly dividend by 21 percent from 43 cents to 52 cents per share, beginning with dividend payable on September 10, 2014.

Minneapolis-based Target Corporation serves guests at 1,924 stores – 1,797 in the United States and 127 in Canada – and at Target.com. It is the second-largest discount retailer in the United State. (GK)

Fibre2fashion News Desk - India

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