Target (TGT) Dividend History & Yield
Dividend ChampionTarget (TGT) has increased its dividend for 43 consecutive years and currently yields 3.73%. The most recent dividend was $1.1400/share on Mar 1, 2026, paid Quarterly.
TGT
Current Yield
3.73%
TTM Dividend/Share
$4.56
Payment Frequency
Quarterly
Payout Ratio
60.2%
Consecutive Growth Years
43 (Dividend Champion)
Div Growth (1Y CAGR)
1.80%
Div Growth (5Y CAGR)
11.02%
Div Growth (10Y CAGR)
7.66%
TGT: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
14.7%
FCF payout ratio
49.5%
Net debt / EBITDA
0.1x
Interest coverage
11.11x
ROIC (TTM)
12.4%
Dividend Safety Score
8 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 60.2%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($6.24) covers dividend/share ($4.56).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
43 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 49.5%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 0.1x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (11.0%) ≤ EPS growth (19.3%) — sustainable.
Per-payment dividend history
Ex-date May 13, 2026
- Payment date
- Jun 1, 2026
- Dividend
- $1.1400
- Adj. dividend
- $1.1400
Ex-date Feb 11, 2026
- Payment date
- Mar 1, 2026
- Dividend
- $1.1400
- Adj. dividend
- $1.1400
Ex-date Nov 12, 2025
- Payment date
- Dec 1, 2025
- Dividend
- $1.1400
- Adj. dividend
- $1.1400
Ex-date Aug 13, 2025
- Payment date
- Sep 1, 2025
- Dividend
- $1.1400
- Adj. dividend
- $1.1400
Ex-date May 14, 2025
- Payment date
- Jun 1, 2025
- Dividend
- $1.1200
- Adj. dividend
- $1.1200
Ex-date Feb 12, 2025
- Payment date
- Mar 1, 2025
- Dividend
- $1.1200
- Adj. dividend
- $1.1200
Ex-date Nov 20, 2024
- Payment date
- Dec 10, 2024
- Dividend
- $1.1200
- Adj. dividend
- $1.1200
Ex-date Aug 21, 2024
- Payment date
- Sep 10, 2024
- Dividend
- $1.1200
- Adj. dividend
- $1.1200
Ex-date May 14, 2024
- Payment date
- Jun 10, 2024
- Dividend
- $1.1000
- Adj. dividend
- $1.1000
Ex-date Feb 20, 2024
- Payment date
- Mar 10, 2024
- Dividend
- $1.1000
- Adj. dividend
- $1.1000
Ex-date Nov 14, 2023
- Payment date
- Dec 10, 2023
- Dividend
- $1.1000
- Adj. dividend
- $1.1000
Ex-date Aug 15, 2023
- Payment date
- Sep 10, 2023
- Dividend
- $1.1000
- Adj. dividend
- $1.1000
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 13, 2026 | Jun 1, 2026 | $1.1400 | $1.1400 |
| Feb 11, 2026 | Mar 1, 2026 | $1.1400 | $1.1400 |
| Nov 12, 2025 | Dec 1, 2025 | $1.1400 | $1.1400 |
| Aug 13, 2025 | Sep 1, 2025 | $1.1400 | $1.1400 |
| May 14, 2025 | Jun 1, 2025 | $1.1200 | $1.1200 |
| Feb 12, 2025 | Mar 1, 2025 | $1.1200 | $1.1200 |
| Nov 20, 2024 | Dec 10, 2024 | $1.1200 | $1.1200 |
| Aug 21, 2024 | Sep 10, 2024 | $1.1200 | $1.1200 |
| May 14, 2024 | Jun 10, 2024 | $1.1000 | $1.1000 |
| Feb 20, 2024 | Mar 10, 2024 | $1.1000 | $1.1000 |
| Nov 14, 2023 | Dec 10, 2023 | $1.1000 | $1.1000 |
| Aug 15, 2023 | Sep 10, 2023 | $1.1000 | $1.1000 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Target has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 43 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $4.5200 | — | — |
| 2025 | $4.4400 | $4.5200 | +1.8% |
| 2024 | $4.3600 | $4.4400 | +1.8% |
| 2023 | $3.9600 | $4.3600 | +10.1% |
| 2022 | $3.1600 | $3.9600 | +25.3% |
| 2021 | $2.6800 | $3.1600 | +17.9% |
| 2020 | $2.6000 | $2.6800 | +3.1% |
| 2019 | $2.5200 | $2.6000 | +3.2% |
| 2018 | $2.4400 | $2.5200 | +3.3% |
| 2017 | $2.3200 | $2.4400 | +5.2% |
| 2016 | $2.1600 | $2.3200 | +7.4% |
| 2015 | $1.9000 | $2.1600 | +13.7% |
| 2014 | $1.5800 | $1.9000 | +20.3% |
| 2013 | $1.3200 | $1.5800 | +19.7% |
| 2012 | $1.1000 | $1.3200 | +20.0% |
| 2011 | $0.8400 | $1.1000 | +31.0% |
| 2010 | $0.6600 | $0.8400 | +27.3% |
| 2009 | $0.6000 | $0.6600 | +10.0% |
| 2008 | $0.5200 | $0.6000 | +15.4% |
| 2007 | $0.4400 | $0.5200 | +18.2% |
| 2006 | $0.3600 | $0.4400 | +22.2% |
| 2005 | $0.3000 | $0.3600 | +20.0% |
| 2004 | $0.2600 | $0.3000 | +15.4% |
| 2003 | $0.2400 | $0.2600 | +8.3% |
| 2002 | $0.2200 | $0.2400 | +9.1% |
| 2001 | $0.2100 | $0.2200 | +4.8% |
| 2000 | $0.2000 | $0.2100 | +5.0% |
| 1999 | $0.1800 | $0.2000 | +11.1% |
| 1998 | $0.1650 | $0.1800 | +9.1% |
| 1997 | $0.1533 | $0.1650 | +7.6% |
| 1996 | $0.1450 | $0.1533 | +5.7% |
| 1995 | $0.1400 | $0.1450 | +3.6% |
| 1994 | $0.1333 | $0.1400 | +5.0% |
| 1993 | $0.1267 | $0.1333 | +5.3% |
| 1992 | $0.1200 | $0.1267 | +5.6% |
| 1991 | $0.1100 | $0.1200 | +9.1% |
| 1990 | $0.0933 | $0.1100 | +17.9% |
| 1989 | $0.0850 | $0.0933 | +9.8% |
| 1988 | $0.0767 | $0.0850 | +10.9% |
| 1987 | $0.0700 | $0.0767 | +9.5% |
| 1986 | $0.0633 | $0.0700 | +10.5% |
| 1985 | $0.0560 | $0.0633 | +13.1% |
| 1984 | — | $0.0560 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Target (TGT) from the consolidated cash flow statement, in USD as filed.
Latest period
$2.06B
YoY change
+0.3%
5Y CAGR
+8.9%
Peak year (2025)
$2.05B
Latest annual
$2.05B
Cash dividends paid over time for Target (TGT)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Target (TGT)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $2.05B | +0.3% | +$7.00M | ||
| 2024 | $2.05B | +1.7% | +$35.00M | ||
| 2023 | $2.01B | +9.5% | +$175.00M | ||
| 2022 | $1.84B | +18.6% | +$288.00M | ||
| 2021 | $1.55B | +15.3% | +$205.00M | ||
| 2020 | $1.34B | +1.0% | +$13.00M | ||
| 2019 | $1.33B | -0.4% | -$5.00M | ||
| 2018 | $1.33B | -0.2% | -$3.00M | ||
| 2017 | $1.34B | -0.7% | -$10.00M | ||
| 2016 | $1.35B | -1.0% | -$14.00M | ||
| 2015 | $1.36B | +13.0% | +$157.00M | ||
| 2014 | $1.21B | +19.8% | +$199.00M | ||
| 2013 | $1.01B | +15.8% | +$137.00M | ||
| 2012 | $869.00M | +15.9% | +$119.00M | ||
| 2011 | $750.00M | +23.2% | +$141.00M | ||
| 2010 | $609.00M | +22.8% | +$113.00M | ||
| 2009 | $496.00M | +6.7% | +$31.00M | ||
| 2008 | $465.00M | +5.2% | +$23.00M | ||
| 2007 | $442.00M | +16.3% | +$62.00M | ||
| 2006 | $380.00M | +19.5% | +$62.00M | ||
| 2005 | $318.00M | +16.9% | +$46.00M | ||
| 2004 | $272.00M | +14.8% | +$35.00M | ||
| 2003 | $237.00M | +8.7% | +$19.00M | ||
| 2002 | $218.00M | +7.4% | +$15.00M | ||
| 2001 | $203.00M | +6.8% | +$13.00M | ||
| 2000 | $190.00M | -2.6% | -$5.00M | ||
| 1999 | $195.00M | +9.6% | +$17.00M | ||
| 1998 | $178.00M | +7.9% | +$13.00M | ||
| 1997 | $165.00M | +6.5% | +$10.00M | ||
| 1996 | $155.00M | +4.7% | +$7.00M | ||
| 1995 | $148.00M | +2.8% | +$4.00M | ||
| 1994 | $144.00M | +4.3% | +$6.00M | ||
| 1993 | $138.00M | +3.8% | +$5.00M | ||
| 1992 | $133.00M | +3.9% | +$5.00M | ||
| 1991 | $128.00M | +10.3% | +$12.00M | ||
| 1990 | $116.00M | +36.5% | +$31.00M | ||
| 1989 | $85.00M | — | — |
2025's annual dividends paid for Target (TGT) came in at $2.05B – edged up 0.3% year-over-year.
Through 2020–2025 (5 years), Target dividends paid delivered a +8.9% annualised rate; sustaining 6 straight years of year-over-year growth.
2025 marks the peak dividends paid at $2.05B, with the historical low of $85.00M recorded in 1989.
Among 8 Consumer Defensive peers, Target (TGT) ranks 8th; the peer median for dividends paid is $7.57B.
Target Dividends Paid 2025: $2.05B
Target dividends paid in 2025 was $2.05B, edged up 0.3% from 2024. This figure represents the highest annual value in the available history.
Target Dividends Paid 2024: $2.05B
Target dividends paid in 2024 was $2.05B, edged up 1.7% from 2023.
Target Dividends Paid 2023: $2.01B
Target dividends paid in 2023 was $2.01B, grew 9.5% from 2022.
Target Dividends Paid 2022: $1.84B
Target dividends paid in 2022 was $1.84B, grew 18.6% from 2021.
Target Dividends Paid 2021: $1.55B
Target dividends paid in 2021 was $1.55B.
See more financial history for Target (TGT).
Sector peers by dividends paid
Companies in the same sector as Target, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Procter & Gamble (PG) | $9.87B | Consumer Defensive |
| Coca-Cola (KO) | $8.78B | Consumer Defensive |
| Philip Morris International (PM) | $8.62B | Consumer Defensive |
| PepsiCo (PEP) | $7.64B | Consumer Defensive |
| Walmart (WMT) | $7.51B | Consumer Defensive |
| Altria Group (MO) | $6.96B | Consumer Defensive |
| Costco (COST) | $2.18B | Consumer Defensive |
| Monster Beverage (MNST) | $0 | Consumer Defensive |
Frequently asked questions
Does Target pay dividends?
Yes, Target (TGT) pays quarterly dividends of approximately $4.56 per share annually, yielding 3.73%.
What is Target's dividend yield?
Target (TGT) has a current dividend yield of 3.73%.
Is Target's dividend safe?
Target (TGT) passes 8 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Target increased its dividend?
Target (TGT) has 43 consecutive years of dividend increases.
What is Target's dividend payout ratio?
Target (TGT) has a dividend payout ratio of 60.2%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Target's dividends paid?
Latest reported dividends paid for Target (TGT) is $2.06B (period ending May 2, 2026).
How has Target dividends paid changed year-over-year?
Target (TGT) dividends paid changed +0.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Target dividends paid?
Target (TGT) dividends paid compound annual growth rate is +8.9% over the most recent 5 years available.
When did Target dividends paid hit its highest annual value?
Target dividends paid reached its highest annual value of $2.05B in 2025.
What was Target dividends paid in 2024?
Target (TGT) dividends paid in 2024 was $2.05B.
What was Target dividends paid in 2025?
Target (TGT) dividends paid in 2025 was $2.05B.
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