Target (TGT): A High-Yield Dividend Aristocrat with Over Five Decades of Payout Growth

Core Insights - Target Corporation (NYSE:TGT) is recognized as one of the Top 15 Growth Stocks for long-term investors [1] - The company operates a large retail chain with a focus on a refined shopping experience, but this positioning may not align with the current consumer trend towards budget-friendly options [2] - Target's partnerships with celebrities and brands have created a profitable niche, contributing to a 68% increase in dividend payments over the past five years [3] Dividend Performance - In June, Target announced its 54th consecutive dividend increase, raising the annual payout by 2% to $4.56 per share [4] - The current dividend yield stands at approximately 5.33%, significantly higher than the S&P 500 average of around 1.2% [4] - The quarterly dividend is set at $1.14 per share, appealing to income-focused investors [4]