| Stock Ticker | Home Page | Asset Class | Sector | Industry | Investment Strategy | Dividend Frequency | Geographic Focus |
|---|---|---|---|---|---|---|---|
| TGT | Target Corp | Stock / Equity | Consumer Discretionary | General Merchandise Stores | Growth | Quarterly | United States |
Target Corporation (TGT) isn't solely a retail powerhouse; it's also a dependable dividend payer. Boasting a 53-year streak of consecutive dividend increases, TGT offers stability and consistency for income-oriented investors. Its focus on essential goods and steady customer base translate to predictable cash flow, supporting its dividend commitment. While not the highest-yielding option, TGT prioritizes sustainable payouts alongside moderate growth potential.
| Detail | |
|---|---|
Overview: |
Target Corporation operates a nationwide chain of discount stores offering apparel, home goods, groceries, and essential items. Known for its trendy merchandise, spacious stores, and commitment to affordability, Target caters to families and value-conscious consumers. It holds a 17.4% market share in the US discount retail sector. Target's mission is to "help all families discover the joy of everyday life." |
Business Model: |
Target generates revenue through product sales and related services like gift cards, pharmacy offerings, and optical clinics. The company operates on a high-volume, low-margin strategy, leveraging its buying power to secure competitive prices and attract customers. Key partners include national brands, private label suppliers, and logistics providers. |
Industry Competition: |
Target faces competition from discount chains like Walmart, dollar stores like Dollar General, and online retailers like Amazon. The industry is dynamic, with trends like e-commerce growth and changing consumer preferences constantly evolving. |
Competitive Advantages: |
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Management Team: |
Brian Cornell, CEO since 2014, leads an experienced team with proven track records in retail, merchandising, and digital transformation. The team has steered Target through economic cycles and industry disruptions, delivering consistent shareholder value. |
Financial Performance: |
Target has a history of consistent revenue and earnings growth, driven by store expansion, online growth, and strategic initiatives. The company maintains a healthy financial position with manageable debt levels. Recent investments in technology and supply chain improvements position Target for future success. |
Investment Thesis: |
Investors seeking a stable, dividend-paying stock with moderate growth potential might find Target attractive. The company's strong brand, omnichannel strategy, and focus on essentials suggest long-term sustainability. Potential risks include industry competition, economic downturns, and online retail disruption. |
Conclusion: |
Target is a well-established retailer with a proven track record of success. Its competitive advantages, experienced management team, and solid financial performance make it a compelling investment opportunity. However, investors should be aware of industry headwinds and carefully consider their risk tolerance before investing. |
| Section | Details |
|---|---|
TGT Dividend Data |
Target Corp. (TGT) has an annual dividend of $4.40 per share. The dividend is paid every three months. The last ex-dividend date was on February 20, 2024. |
TGT Dividend Yield |
The forward yield of TGT is 2.91%. This means that for every $100 invested in the company's stock, investors would receive $2.91 in dividends per year. |
TGT Dividend History |
Target Corp. has a consistent history of paying dividends. The company has increased its dividends for 53 consecutive years. The most recent quarterly dividend payment of $1.10 per share was made to shareholders on Thursday, March 10, 2024. |
TGT Dividend Payout & Dividend Payout Ratio |
The dividend payout ratio of TGT is 56.12%. This means that 56.12% of the company's earnings are paid out as dividends. The annual dividend is $4.40 per share. |
TGT Dividend Stability & Growth |
The dividend growth of TGT is 29.66%. The company has a track record of 53 years of dividend payments. |
| Target (TGT) | Dollar Tree (DLTR) | Dollar General (DG) | |
|---|---|---|---|
Industry Focus |
General Merchandise Stores | Discount Variety Stores | Discount Variety Stores |
Current Yield |
2.91% | 0.00% | 1.6% |
Price-to-Earnings Ratio (P/E) |
18.75 | 28.11 | 18.12 |
Investment Strategy |
Growth | Growth | Growth |
When considering the attractiveness of Target Corp (TGT)'s dividend, it's important to take into account the company's dividend history and growth. TGT has a strong history of paying dividends, with consecutive payouts for a number of years. The annual dividend is currently $4.40 per share, with a dividend payout ratio of 56.12%. This indicates that the company is able to cover its dividend payments with its earnings. However, the retail industry in which Target operates is highly competitive and subject to rapid changes in consumer preferences and economic conditions.
The next dividend payment is expected to follow the dividend date pattern established in the TGT dividend history. The last ex-dividend date was on Feb 20, and the frequency of the dividend is quarterly. However, the future growth of TGT's dividend is not guaranteed. Factors such as a recession, changes in the retail landscape, or shifts in e-commerce could impact Target's performance and ability to increase or even maintain its current dividend. Therefore, while the TGT dividend may be an attractive feature for income-focused investors, it's crucial to conduct a thorough analysis and consider the potential risks before adding TGT to your portfolio or ETFs.