Target a Top Ranked SAFE Dividend Stock With 4.3% Yield (TGT)
Wed, Sep 13, 8:14 AM ET, by ETF Channel
Target 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 4.3% 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 2.09% of the SPDR S&P Dividend ETF (SDY), which holds $324,655,456 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 $2.48/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 08/14/2017. 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 Wal-Mart Stores, Inc. (WMT), and Costco Wholesale Corp (COST).
Read the original article at ETF Channel: Target a Top Ranked SAFE Dividend Stock With 4.3% Yield (TGT)
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