Target Corporation (NYSE: TGT) reported better-than-expected third-quarter financial results on Wednesday.
Target reported a third-quarter (Q3) 2023 sales decline of 4.22% year-on-year to $25.398 billion, beating the analyst consensus estimate of $25.31 billion. Adjusted EPS of $2.10 beat the analyst consensus estimate of $1.48.
With the buzz around Target following upbeat quarterly earnings, some investors may be eyeing potential gains from the company’s dividends too. As of now, Target offers an annual dividend yield of 3.37%, which is a quarterly dividend amount of $1.10 per share ($4.40 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 ...