Target Corporation (TGT) will raise its quarterly dividend by 3.3 percent to $0.62 per share in 2017. The dividend is payable Sept. 10, 2017 to shareholders of record at the close of business August 16, 2016.

The 3rd quarter dividend will be the company’s 200th consecutive dividend paid since October 1967 when the company became publicly held. 

Target Corporation is a general merchandise retailer selling a wide assortment of general merchandise and food. The majority of Target's stores offer an edited food assortment comparable to traditional supermarkets, including perishables, dry grocery, dairy, and frozen items. The company sells national branded merchandise and its own branded products. Target was incorporated in Minnesota in 1902 and became publicly held in 1967.