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Dividend Aristocrats In Focus Part 18: Target Corporation

Target Corporation (NYSE:TGT) started out as a single store in Roseville, Minnesota, all the way back in 1962. In the five decades since, the company has stuck its core belief-expect more, pay less.

Target aims to fulfill the needs of every customer. It does this by delivering great values, exceptional experiences, and constantly innovating over time to meet the needs of a changing marketplace.

Today, Target operates nearly 1,800 stores and the stock has a market capitalization of $39 billion. Target generates more than $73 billion of annual sales. It is a very shareholder-friendly company that is committed to paying a dividend and raising the dividend consistently each year.

Target has raised its dividend payments for 45 consecutive years. This makes the company one of only 50 Dividend Aristocrats - stocks with 25+ years of consecutive dividend increases in the S&P 500. You can see the full list of Dividend Aristocrats here.

Target stands out for more than just its impressive dividend history… Several relevant metrics for the company are below:

  • Low price-to-earnings ratio of 13.3
  • Above-average Dividend yield 3.5%
  • Conservative payout ratio of 42%

These factors help Target stock to rank in the Top 10 using The 8 Rules of Dividend Investing. Keep reading this article to learn more about Target's investment prospects, competitive advantage, and growth potential.

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