Target Corporation
TGT42 yrs growthConsumer Defensive · Stock · quarterly payer
Forward Yield
2.84%
Annual Dividend
$4.64
Payout Ratio
47%
5-Yr Growth
11.0%
Ex-Date
Aug 12, 2026
Frequency
Quarterly
Summary
As of September 2026, Target Corporation (TGT) yields 2.84% ($4.64 per share annually), with a blended fair-value estimate of $132.96 — -19% downside, so it screens as overvalued. Dividend safety grade: A (93/100). 42 years of dividend growth.
Is TGT a good dividend stock?
YesTarget Corporation (TGT) pays a quarterly dividend yielding 2.84% ($4.64/yr), with 42 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 42 consecutive years of growth
- Never cut its dividend on record
- Comfortable payout ratio (47%)
- Strong 11.0% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.84%
- Payout Ratio
- 47%
- Annual Dividend
- $4.64
- 5-Yr Avg Growth
- 11.0%
- Ex-Dividend Date
- Aug 12, 2026
- Years of Growth
- 42
- Frequency
- quarterly
- Beta
- 0.99
- Market Cap
- $74.5B
- P/E Ratio
- 17.0
- 5-Yr Total Return
- -29%
- 52-Week Range
- $83.44 – $170.75
- Dividend Safety
- A · 93/100
- Ever Cut?
- No
Frequently Asked Questions
TGT Price — Last 12 Months
Daily close
Price Return
1 Year
+82%
3 Years
+48%
5 Years
-29%
52-Week Range
$83.44 – $170.75
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TGT worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Target Corporation is $132.96 per share, versus a market price of $163.18. That implies 19% of downside.
Fair Value
$132.96
Current Price
$163.18
Downside
-19%
Margin of Safety
-23%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 12.8% annual free-cash-flow growth. We model 7.4% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.2% discount rate (CAPM), 7.4% stage-1 growth, 2.5% terminal growth, $9.48 EPS, $4.64 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TGT Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 12, 2026 | — | $1.1600 | regular |
| May 13, 2026 | — | $1.1400 | regular |
| Feb 11, 2026 | — | $1.1400 | regular |
| Nov 12, 2025 | — | $1.1400 | regular |
| Aug 13, 2025 | — | $1.1400 | regular |
| May 14, 2025 | — | $1.1200 | regular |
| Feb 12, 2025 | — | $1.1200 | regular |
| Nov 20, 2024 | — | $1.1200 | regular |
| Aug 21, 2024 | — | $1.1200 | regular |
| May 14, 2024 | — | $1.1000 | regular |
| Feb 20, 2024 | — | $1.1000 | regular |
| Nov 14, 2023 | — | $1.1000 | regular |
| Aug 15, 2023 | — | $1.1000 | regular |
| May 16, 2023 | — | $1.0800 | regular |
Income Calculator
At $4.64 / yr per share
