Published June 14, 2017 8:14am EDT | Updated June 14, 2017 12:08pm EDT

Target Raises Dividend By 3.3%

Target Corp. has declared a dividend of 62 cents, a 3.3% increase from the prior quarterly dividend of 60 cents. The dividend is payable on Sept. 10, 2017 to shareholders of record as of the close of business on Aug. 16, 2016. Target shares are down 20.6% for the year to date while the S&P 500 index is up 9% for the period.