Target Just Raised Its Dividend by the Smallest Amount in 55 Years. Here's Why It's Still a Top Dividend King to Buy in June.
Target is investing heavily in a comeback.
Target Just Raised Its Dividend by the Smallest Amount in 55 Years. Here's Why It's Still a Top Dividend King to Buy in June.
Overview
Target (NYSE: TGT) just reaffirmed its commitment to its long-standing dividend by approving the 55th consecutive annual increase. Thanks to the 1.8% hike in the payout, its dividend is now $4.64 per share annually.
That dividend increase also amounts to its smallest hike in 55 years, which may disappoint some investors. However, other investors who take a closer look at the company's condition may perceive it as one of the top Dividend King stocks to buy in June. Here's why.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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