Is Target a Great Dividend Stock?

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Target (NYSE: TGT) is a household name. But merely being easily recognized as a retailing giant doesn’t make a company a strong dividend stock. What determines dividend greatness? While the criteria are somewhat subjective, for me a great dividend-dealing company has to have the cash flow to support continued payments. 

After meeting this threshold, a company also has to have the ability to consistently raise dividends. That produces an ever-increasing income stream as the years pass.

Using that criteria, let’s zero in on Target and its financial operations and outlook to determine if it makes the grade as a great dividend stock.

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