LONDON, UK / ACCESSWIRE / May 14, 2018 / Active-Investors has a free review on Target Corp. (NYSE: TGT) following the Company's announcement that it will begin trading ex-dividend on May 15, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on May 14, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on TGT:

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Dividend Declared

On March 15, 2018, Target's Board of Directors declared a quarterly dividend of $0.62 per common share. The dividend is payable June 10, 2018, to shareholders of record at the close of business May 16, 2018.

Target's indicated dividend represents a yield of 3.55%, which is substantially higher than the average dividend yield of 2.06% for the Services sector. The dividend will be the Company's 203rd consecutive dividend paid since October 1967 when Target became publicly held.

Dividend Insights

Target has a dividend payout ratio of 46.9%, which denotes that the Company spends approximately $0.47 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Target is forecasted to report earnings of $5.46 per share for the next year, which is substantially higher than the Company's annualized dividend of $2.48 per share.

As of February 03, 2018, Target's cash and cash equivalents totaled $2.64 billion compared to $2.51 billion as on January 28, 2017. For the twelve months ended February 03, 2018, the Company's cash provided by operations were $6.92 billion compared to $5.43 billion for the year ago same period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Target

On May 03, 2018, Shipt, a leading online marketplace, and Target announced they will begin same-day delivery of more than 55,000 groceries, essentials, home, electronics, toys and other products in Missouri, Kansas and Arkansas, and expand service in Mississippi.

Shipt and Target's expansion to the Jackson, Mississippi area follows their recent entrance into the Biloxi/Gulfport, Mississippi, market in April 2018. Cumulatively, the partnership gives almost 1.2 million households across the four states access to Target's products delivered by Shipt in as little as one hour.

About Target Corp.

Target operates as a general merchandise retailer in the United States. The Company offers beauty and household essentials, food and beverage products, and apparel for women, men, boys, girls, toddlers, infants, and newborns as well as intimate apparel, jewelry, accessories, and shoes. As of March 08, 2018, the Company operated 1,826 stores.

Target was founded in 1902 and is headquartered in Minneapolis, Minnesota.

Stock Performance Snapshot

May 11, 2018 - At Friday's closing bell, Target's stock was slightly up 0.01%, ending the trading session at $70.25.

Volume traded for the day: 3.03 million shares.

Stock performance in the previous six-month period - up 20.35%; past twelve-month period - up 25.31%; and year-to-date - up 7.66%

After last Friday's close, Target's market cap was at $37.68 billion.

Price to Earnings (P/E) ratio was at 15.22.

The stock has a dividend yield of 3.53%.

The stock is part of the Services sector, categorized under the Discount, Variety Stores industry. This sector was up 0.1% at the end of the session.

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