Target Corporation dividend history

Target Corporation's dividend was $4.54 a share in fiscal 2026, up 1.8% on the year before. That was 55.4% of net income. It has raised its dividend per share every year since fiscal 2010, as far back as our figures go.

Dividends, buybacks and capital spending

FY2027 Q2 TTM

Buybacks (TTM): $153M
Dividends (TTM): $2.1B
Returned to shareholders: 50%; of free cash flow
Buybacks, last 3 fiscal years: $1.4B
Diluted share count: −0.5%; year over year
Total shareholder yield: 3.1%; dividends 2.9% + buybacks 0.2% of market value
Dividend payout ratio: 47%; of net income paid out
Sales & admin spending: 21.2%; of revenue

Dividends by fiscal year

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Target Corporation: dividends by fiscal year, annual
Fiscal year	2010Jan 2010	2011Jan 2011	2012Jan 2012	2013Feb 2013	2014Feb 2014	2015Jan 2015	2016Jan 2016	2017Jan 2017	2018Feb 2018	2019Feb 2019	2020Feb 2020	2021Jan 2021	2022Jan 2022	2023Jan 2023	2024Feb 2024	2025Feb 2025	2026Jan 2026	LTMAug 2026
Dividend per share	$0.670	$0.920	$1.15	$1.38	$1.65	$1.99	$2.20	$2.36	$2.46	$2.54	$2.62	$2.70	$3.38	$4.14	$4.38	$4.46	$4.54	—
Dividend per share growth	—	+37.3%	+25.0%	+20.0%	+19.6%	+20.6%	+10.6%	+7.3%	+4.2%	+3.3%	+3.1%	+3.1%	+25.2%	+22.5%	+5.8%	+1.8%	+1.8%	—
Dividends paid	496	609	750	869	1,006	1,205	1,362	1,348	1,338	1,335	1,330	1,343	1,548	1,836	2,011	2,046	2,053	2,068
Share buybacks	423	2,452	1,842	1,875	1,461	26	3,483	3,706	1,046	2,124	1,565	745	7,188	2,646	0	1,007	408	153
Dividends ÷ net income	19.9%	20.9%	25.6%	29.0%	51.0%	—	40.5%	49.3%	45.9%	45.5%	40.5%	30.7%	22.3%	66.0%	48.6%	50.0%	55.4%	47.1%
Dividends ÷ free cash flow	11.9%	19.4%	70.4%	29.2%	21.7%	45.0%	30.1%	34.6%	30.4%	54.3%	32.5%	17.1%	30.5%	—	52.7%	45.7%	72.4%	46.4%

Dividend per share is the amount declared for the fiscal year as stated in the company's filings (including any special dividend), restated for stock splits and checked against the cash dividends paid. Dividends paid and buybacks are cash amounts; the last-twelve-months column can include an extra payment when a quarter-end date moves.

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Figures from Target Corporation's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Target Corporation.