1 Overlooked Dividend King With a 55-Year Winning Streak Worth Buying Now
Target just declared a $1.16 quarterly dividend amid a traffic-led sales rebound.
Overview
After a couple of soft years for sales, Target (NYSE: TGT) is finally turning the corner. The stock is up about 61% year-to-date, and investors who follow its dividend track record shouldn't be surprised.
Target has raised its dividend for 55 straight years, exceeding the minimum 50-year threshold to qualify as a Dividend King. That kind of consistency points to a durable business that has weathered multiple recessions while continuing to return cash to shareholders.
Details
On Sept. 23, 2026, Target's board declared a $1.16 quarterly dividend, payable on Dec. 1 to shareholders of record as of Nov. 11. With a relatively low payout ratio, a solid yield, and improving sales trends, the stock still looks worth buying even after its big run.
Source
Originally published at www.fool.com.