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Target Increases Dividend By 19.4 Percent

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(credit: Justin Sullivan/Getty Images)

(credit: Justin Sullivan/Getty Images)

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MINNEAPOLIS (AP) — Target Corp. is increasing its quarterly dividend by 19.4 percent.

The Minneapolis-based retailer on Wednesday declared a quarterly dividend of 43 cents per share, up from 36 cents per share. The dividend is payable Sept. 10 to shareholders of record as of Aug. 21.

Target says it is the 184th consecutive dividend paid since it went public in 1967.

Target shares fell 66 cents to $69.34 in afternoon trading.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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