RESOLVING THE LEDGER
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You may love Target (NYSE: TGT) for its diverse merchandise at relatively low prices (I know I do), but the stock is also a Dividend King. That is, it's among an elite group of stocks that have increased their dividend for at least 50 consecutive years.
And in June, the big-box retailer increased its quarterly dividend by 1.8%, raising it from $1.14 per common share to $1.16. That makes the retailer's dividend yield, which is just the annual dividend divided by the share price, about 2.9%.
So, for investors looking for income-producing stocks, the question is, how many shares would you need to earn $10,000 in annual dividends?
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