Target’s board declares quarterly dividend of 17 cents per share

-- Home Textiles Today, 6/11/2009 11:33:00 AM

Minneapolis – Target Corp.’s board of directors said today it has declared a quarterly dividend of 17 cents per common share – a 6% increase from the prior quarterly rate of 16 cents per common share.

The dividend is payable Sept.10, 2009, to shareholders of record on Aug. 20, 2009. The third-quarter dividend represents the company’s 168th consecutive dividend paid since October 1967, when the company became publicly held.