Thats one hell of a raise. Congrats. I dont have any investment in TGT.R2R
R2R,I was pleasantly surprised to say the least. I expected a small raise much like Walmart's.MDP
Nice. I just bought some initial shares. But the payout ratio will be increased too.
Money Unbinding,Congratulations on your purchase. Owning Target with a 3.6% yield is very nice! Hopefully Target will start growing their revenue and income again and the payout ratio will decrease.MDP
That's a big increase. I initiated position in TGT last month with 30 shares and if the stock continues to stay down like the last couple of months, I might consider adding more shares to my portfolio.
DGJourney,I love this increase. A quality company and now a 3.6% yield. I with you on adding more shares. I think Target is turning the corner. MDP
This was a monster raise that I don't think many of us expected. Just like most of us didn't expect the small raise CLX gave us either. A raise is a raise. That's what I say. You just never know how much. Thanks for sharing.
DivHut,No problem. Target definitely could have frozen the dividend with all their recent problems. I am thankful that they didn't follow Intel's lead. Although Intel's stock price has been on a tear recently.MDP
Gotta love this nice big raise! I think it was a brilliant move by management to keep shareholders happy while they right the ship with their Canadian stores. We own TGT in our family portfolio and can't wait to put those extra dividends to work. Cheers! AFFJ
AFFJ,I think the move was brilliant as well. The new higher yield may should attract value investors and mutual funds which hopefully will create more stability with the stock.MDP