Target Corporation (TGT) barely raised its dividend again in mid-June. As a result, my next dividend payment will be 15% higher than my first payment because of the two dividend increases and the eight dividend reinvestments. On an annualized basis, that payment has grown at a 7% rate.
While TGT dividend payments have gone up over the last two years, the value of the shares has also gone up.
I have considered selling the TGT shares I own in this portfolio, but so far have kept it. However, I did sell some other shares I owned in another portfolio earlier this year. TGT might not stay in the nP portfolio until I retire if the dividend increases remain low over time.

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