Target and Darden Restaurants raise dividends, showing potential for growth and profitability
From Nasdaq: 2025-06-27 17:05:00
- Target and Darden Restaurants stand out with dividend raises during an otherwise quiet period for income investors. Target, a Dividend King, increased its quarterly payout by nearly 2% to $1.14 per share, extending its streak to 54 years. Despite recent challenges, Target remains optimistic about a turnaround, especially with its growing online sales. Darden, not a Dividend King but a regular dividend raiser, bumped its quarterly dividend by 7% to $1.50 per share. With a strong recovery post-pandemic, Darden looks poised for growth and profitability, making it an attractive investment option.
- Target’s dividend raise takes effect on Sept. 1, offering investors a generous 4.7% yield. Darden’s raised dividend will be distributed on Aug. 1, yielding almost 2.8% at the recent closing price. Both companies show potential for future growth and increased shareholder value. If you’re considering investing $1,000, it’s worth exploring the 10 best stocks recommended by the Motley Fool Stock Advisor team for potential high returns, excluding Target. Past recommendations have yielded substantial profits, making it essential to stay informed on the latest investment opportunities.
Read more at Nasdaq: Are You Missing Out on These 2 Dividend Raises From Famous Companies?