Target Corp a Top Ranked SAFE Dividend Stock With 2.4% Yield (TGT)
ETF Channel Staff - Friday, January 11, 10:10 AMTarget Corp (TGT) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 2.4% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.
According to the ETF Finder at ETF Channel, Target Corp is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 1.26% of the SPDR S&P Dividend ETF (SDY), which holds $117,357,601 worth of TGT shares.
Target Corp (TGT) made the "Dividend Channel S.A.F.E. 25" list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.
The annualized dividend paid by Target Corp is $1.44/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/15/2013. Below is a long-term dividend history chart for TGT, which the report stressed as being of key importance.
TGT operates in the Department Stores sector, among companies like Macy's Inc (M), and Dollar General Corp (DG).