Target Corporation (NYSE:TGT) is included among the Top 15 Growth Stocks for Long-Term Investors.
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Target Corporation (NYSE:TGT) operates as a large retail chain offering a wide range of products, from groceries to home essentials, while maintaining an emphasis on a more refined shopping experience. However, this premium positioning has left it somewhat misaligned with today’s consumers, who are increasingly shifting toward budget-friendly retailers.
Target Corporation (NYSE:TGT)’s partnerships with celebrities and well-known brands have helped it stand out, offering exclusive collections in categories such as beauty and apparel. This strategy has allowed the company to carve out a profitable niche, which has also supported a 68% increase in its dividend payments over the past five years.
In June, Target Corporation (NYSE:TGT) announced its 54th consecutive dividend hike, raising the annual payout by 2% to $4.56 per share. With a dividend yield of around 5.33%, which is well above the S&P 500 average of roughly 1.2%, TGT continues to appeal to income-focused investors. The company’s quarterly dividend comes in at $1.14 per share.
While we acknowledge the potential of TGT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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