Target Corporation (TGT) may end its 57-year streak of annual dividend increases. This move would be significant for the Dividend King.
Analyst consensus projects a potential slight reduction in the quarterly payout. The projected payout is about $1.1375 per share. This is down from the $1.14 paid on June 1, 2026.
The potential dividend change reflects broader challenges the retailer faces. These include maintaining profitability amid shifting consumer behavior and market conditions. Target has not made an official announcement. However, the speculation is notable given its long-standing commitment to shareholder returns.