By Colin Kellaher
Target's board has raised the retailer's quarterly dividend by 1.8%, to $1.12 from $1.10.
The new payout, equal to $4.48 a year, represents an annual yield of about 3.06% based on Tuesday's closing price of $146.19, up from 3.01%.
The Minneapolis company on Wednesday said the increased dividend is payable Sept. 10 to shareholders of record Aug. 21.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
06-12-24 0652ET