Target Corporation (NYSE:TGT) is included among the 10 Best Passive Income Stocks to Buy Now.
A woman purchasing groceries at a Target store, with a cart full of products.
In June, the company declared a 2% increase in its quarterly dividend to $1.14 per share. This was the company’s 54th consecutive year of dividend growth. In addition, it has paid 232 consecutive dividends since its inception in 1967. As of July 10, the stock has a dividend yield of 4.42%.
Target Corporation (NYSE:TGT) generated strong earnings in the first quarter of 2025. Its revenue of $23.8 billion, fell slightly by nearly 3% on a YoY basis. However, the company’s digital comparable sales rose by 4.7%, driven by over 35% growth in same-day delivery services through Target Circle 360 and ongoing gains in Drive Up orders. Moreover, it returned $510 million to shareholders through dividends during the quarter, which marked a 1.8% increase from the same period last year.
Target Corporation (NYSE:TGT) runs nearly 2,000 retail locations alongside its online store, Target.com, with the goal of delivering everyday joy to families. Since 1946, the company has committed 5% of its profits to community support, contributions that now total millions of dollars each week.
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