TGT (Target) Dividend Payout Ratio: 0.67 (As of Apr. 2026) — 40% Above Median

Target TGT -1.15% 77 Dividend Payout Ratio is 0.67 as of Apr. 2026, which is 40% above its 10-year median of 0.48. GuruFocus rates TGT with a GF Score™ of 77/100 and a GF Value™ of $129.29 (Fairly Valued). The stock has 9 warning signs investors should review. Among 180 Retail - Defensive companies, Target ranks worse than 71.67% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Target's Dividend Payout Ratio for the months ended in Apr. 2026 was 0.67.

The historical rank and industry rank for Target's Dividend Payout Ratio or its related term are showing as below:

TGT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.23 Med: 0.48 Max: 0.66
Current: 0.57

During the past 13 years, the highest Dividend Payout Ratio of Target was 0.66. The lowest was 0.23. And the median was 0.48.

TGT's Dividend Payout Ratio is ranked worse than
71.67% of 180 companies
in the Retail - Defensive industry
Industry Median: 0.365 vs TGT: 0.57

As of today (2026-06-25), the Dividend Yield % of Target is 3.25%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Target was 5.24%. The lowest was 1.03%. And the median was 3.00%.

Target's Dividends per Share for the months ended in Apr. 2026 was $1.14.

During the past 12 months, Target's average Dividends Per Share Growth Rate was 1.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 11.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Target was 26.00% per year. The lowest was 3.20% per year. And the median was 10.90% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Target (NYSE:TGT) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Target Dividend Payout Ratio Related Terms

Target Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Target's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Target Dividend Payout Ratio Chart

Target Annual Data

Trend

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Jan25

Jan26

Dividend Payout Ratio

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0.23

0.66

0.49

0.50

0.60

Target Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25	Jul25	Oct25	Jan26	Apr26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.86	0.55	0.64	0.47	0.67

TGT vs DG, DLTR, BJ: Dividend Payout Ratio Comparison

For the Discount Stores subindustry, Target's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Target Dividend Payout Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Target's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Target's Dividend Payout Ratio falls into.

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77GF Score

Target Corp TGT

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Target Dividend Payout Ratio Calculation

Target's Dividend Payout Ratio for the fiscal year that ended in Jan. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Jan. 2026 )	/	EPS without NRI (A: Jan. 2026 )
	=	4.52	/	7.57
	=	0.60

Target's Dividend Payout Ratio for the quarter that ended in Apr. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Apr. 2026 )	/	EPS without NRI (Q: Apr. 2026 )
	=	1.14	/	1.71
	=	0.67

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.67 mean?

Target (TGT) has a Dividend Payout Ratio of 0.67 as of Apr. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Target and its competitors. This is 40% above median its historical median of 0.48. Over the past decade, Target's Dividend Payout Ratio has ranged from 0.23 to 0.66. According to the industry distribution chart, Target ranks #129 out of 180 companies in the Retail - Defensive industry, placing it in the top 71.7%.

Is Target's Dividend Payout Ratio too high?

Target's current Dividend Payout Ratio of 0.67 is 40% above median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.66. The Retail - Defensive industry median Dividend Payout Ratio is 0.37. Target's value of 0.67 is 83.6% above this industry median. Based on the distribution chart, Target ranks #129 out of 180 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Target has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Target's Dividend Payout Ratio compare to DG and DLTR?

According to the Retail - Defensive industry distribution chart, Target ranks #129 out of 180 companies for Dividend Payout Ratio. This places Target in the lower half of its industry. The industry median Dividend Payout Ratio is 0.37. Target's value of 0.67 is 83.6% above this benchmark. Historically, Target's own Dividend Payout Ratio has ranged from 0.23 to 0.66 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 0.37, Target has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Retail - Defensive company?

The median Dividend Payout Ratio among Retail - Defensive companies is 0.37, based on 180 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Target's current Dividend Payout Ratio of 0.67 is 83.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Target and its competitors. For the Retail - Defensive industry, the median Dividend Payout Ratio is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Target's current Dividend Payout Ratio is 0.67, which is 40% above median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Target stock overvalued right now?

Based on GuruFocus' analysis, Target (TGT) is currently considered Fairly Valued. The stock's GF Value™ is $129.29, compared to a current price of $139.57 — trading 8% above its estimated fair value. The current Dividend Payout Ratio is 0.67, which is 40% above median its 10-year median of 0.48 and 83.6% above the Retail - Defensive industry median of 0.37. Target's overall GF Score™ is 77/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Target (TGT), the current Dividend Payout Ratio is 0.67 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Target (TGT) Overvalued in 2026?

Based on GuruFocus' analysis, Target stock appears to be overvalued. The current stock price of $139.57 is trading 8% above its estimated GF Value™ of $129.29. GuruFocus considers Target to be Fairly Valued.

Key valuation signals for TGT:

Dividend Payout Ratio: 0.67 (40% above median its 10-year median of 0.48)
GF Value™: $129.29 vs. price of $139.57 (8% above fair value)
GF Score™: 77/100 with 9 warning signs
Industry Position: 83.6% above the Retail - Defensive median (#129 of 180)

No single metric tells the full story. See the TGT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Target Business Description

Industry Consumer Defensive Retail - Defensive

Comparable Companies DG DLTR BJ PSMT OLLI TBBB WMT COST MEX:WALMEX TSX:DOL BOM:540376 TSE:7532 WAR:PCO XMAD:DIA LSE:BME TSE:141A XTAE:MAXO OSL:EPR XKRX:139480 TSE:2782

Other Exchanges TGT:Peru TGT:Mexico 1TGT:Italy 0LD8:UK DYH:Germany TGT:Chile TGTB34:Brazil TGTC:Austria TGT:Argentina

Address 1000 Nicollet Mall, Minneapolis, MN, USA, 55403

Website https://corporate.target.com

Target's start dates back to 1962, but now it is one of the largest discount retailers in the United States (where it derives all of its sales), operating just under 2,000 stores and generating over $104 billion in fiscal 2025 sales. The company offers a broad assortment of merchandise across categories including apparel and accessories (16% of fiscal 2025 revenue), beauty and household essentials (30%), food and beverage (24%), hardlines (15%), as well as home furnishings (15%). Target's model is anchored in its physical store base, which fulfills more than 97% of sales. Around 30% of sales are derived from its own private-label brands.

77GF Score

Get the complete analysis for TGT

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$139.57

Price

$129.29

GF Value

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