Target (TGT), a Dividend King, has raised its dividend for 55 consecutive years, and its $1.16 quarterly payout yields about 3%, roughly three times the S&P 500's yield of about 1%. Comparable sales have grown in the first two quarters of 2026 after a 2.5% decline in the holiday quarter. In the quarter ended Aug. 1, advertising revenue rose 20%, while Target Circle 360 membership and Target Plus marketplace revenue each grew more than 40% year over year. Management says these businesses are growing profits faster than sales, and the payout ratio is under half of trailing earnings per share, while the long-term goal is near 40%. The shares trade at about 15 times expected earnings for this year, below the S&P 500's roughly 19 times.
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