This Dirt-Cheap Divided King Just Raised Its Payout to a Record High
On Sept. 10, (NYSE: TGT) shareholders as of the close of business Aug. 16 will receive a $1.10-per-share quarterly dividend. Target has paid and raised its dividend for 52 consecutive years, making it a member of the celebrated list of Dividend Kings.
The raise gives Target a forward dividend yield of 3.4%, which is meaningful because it is close to the 10-year risk-free rate of 4.3%. Investors in Target stock get a sizable passive income stream while also being invested in the growth of one of America's largest brick-and-mortar retailers. However, investing in Target stock is also a risk: It can go down in value, which is exactly what has happened in recent years. Target is currently hovering around a three-year low.
Let's take a look at Target's business and valuation to see if the stock is worth owning or if the risks outweigh the potential reward.
Source Fool.com
Target Corp. Aktie
Die Community zeigt großes Interesse an Target Corp. mit vielen Buy- und wenigen Sell-Einschätzungen.
Mit einem Kursziel von 170 € für Target Corp. könnte der aktuelle Kurs von 131.8 € um mehr als 20% steigen.
