Associated Press
MINNEAPOLIS — Target says its board approved the increase of its quarterly dividend by 6 cents, or 20 percent, to 36 cents.
The Minneapolis-based discount chain says the dividend will be paid on Sept. 10 to shareholders of record as of Aug. 15.
Target Corp. has paid a dividend every quarter since going public in 1967.
The company operates 1,763 stores across the U.S. and plans to open its first stores in Canada next year.