Is Target a Great Dividend Stock?

Retail giant Target (NYSE: TGT) has been on such a huge growth spree over the past few years that it's easy to forget it pays a dividend. Not only that, but last summer it joined the exclusive list of Dividend Kings, or companies that have raised their dividends for at least 50 years. Does that make Target a great dividend stock? Let's take a look.

Dividend investors are interested in earning income on their investments. It's one investing style out of many, such as growth investing or value investing. Most investors' interests are best served when they have a diversified portfolio with a well-rounded group of different kinds of stocks, but retirees in particular typically focus on income since they're not bringing home a paycheck. 

Image source: Target.

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Source Fool.com