"When Target opened in 1962, we believed we could build a sustainable business that strengthened communities for the long term by continually anticipating the consumer needs of the moment. And today, 50 years later, our commitment to that ideal is as strong as it was on opening day", the CEO message reports. "Central to our management philosophy was the belief that our business could benefit communities, and that strong, healthy communities would be essential to lasting business success."The importance of this approach is paying off in the profitability of both the company and the stock price. Target's trailing-twelve-month (TTM) operating cash flow is a healthy $5.57 billion on annual revenue (TTM) of $71.34 billion. The 2.3% dividend is sustainable as it comes from a relatively low payout ratio of 28% of the company's earnings.
its easy to navigate Web site and begin at the investor relations page. There you'll find monthly sales summaries, dividend and stock split history, and important news, like the fact that Target is opening its first Canadian stores in 2013. The CEO message box is a must-read. CEO Gregg Steinhafel shares Target's philosophy on the connection between strong communities and a healthy business.