{"id":8164,"date":"2022-06-10T17:12:13","date_gmt":"2022-06-10T22:12:13","guid":{"rendered":"http:\/\/blog.jlbn.net\/?p=8164"},"modified":"2022-06-19T14:48:11","modified_gmt":"2022-06-19T19:48:11","slug":"target-raises-dividend-by-20-to-boost-yield-to-nearly-a-percentage-point-above-walmarts","status":"publish","type":"post","link":"http:\/\/blog.jlbn.net\/?p=8164","title":{"rendered":"Target raises dividend by 20%, to boost yield to nearly a percentage point above Walmart&#8217;s"},"content":{"rendered":"\n<p>Shares of Target Corp.\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/TGT?mod=MW_story_quote\" target=\"_blank\">TGT,\u00a0-3.16%<\/a>\u00a0rallied 1.1% in premarket trading Thursday, after the discount retailer said it raised its quarterly dividend by 20%, to $1.08 a share from 90 cents a share. The new dividend will be payable Sept. 10 to shareholders of record on Aug. 17. Based on Wednesday&#8217;s stock closing price of $156.70, the new annual dividend rate implies a dividend yield of 2.78%, which compares with the yield for rival Walmart Inc.&#8217;s stock\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.marketwatch.com\/investing\/stock\/WMT?mod=MW_story_quote\" target=\"_blank\">WMT,\u00a0+0.56%<\/a>\u00a0of 1.83% and the implied yield for the S&amp;P 500\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.marketwatch.com\/investing\/index\/SPX?mod=MW_story_quote\" target=\"_blank\">SPX,\u00a0-2.91%<\/a>\u00a0of 1.56%. Target&#8217;s dividend hike comes after Target\u00a0<a href=\"https:\/\/www.marketwatch.com\/story\/target-shares-slide-after-inventory-plan-announcement-2022-06-07?mod=article_inline\">lowered its operating margin guidance<\/a>\u00a0earlier this week for the s<a href=\"https:\/\/www.marketwatch.com\/story\/target-stock-plunges-as-profit-drops-on-consumer-spending-shifts-and-jump-in-freight-costs-11652889235?mod=article_inline\">econd time in less than a month<\/a>. Target&#8217;s stock has tumbled 32.3% year to date through Wednesday, while Walmart shares have shed 15.5% and the S&amp;P 500 has lost 13.7%.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Target Corp.\u00a0TGT,\u00a0-3.16%\u00a0rallied 1.1% in premarket trading Thursday, after the discount retailer said it raised its quarterly dividend by<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[254,3421,3422],"tags":[3431,888,3425],"_links":{"self":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/8164"}],"collection":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8164"}],"version-history":[{"count":1,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/8164\/revisions"}],"predecessor-version":[{"id":8165,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/8164\/revisions\/8165"}],"wp:attachment":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8164"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}