Jim Cramer: Target Is Problematic Vs. Amazon
Target is raising its dividend, but it has still been a disappointing stock this year because it has been challenged by Amazon.com, says TheStreet's Jim Cramer.
Target (TGT) - Get Report is raising its dividend, but it has still been a disappointing stock this year because it has been challenged by Amazon.com (AMZN) - Get Report , says TheStreet's Jim Cramer. The Minneapolis-based retailer raised its quarterly dividend 7.1 percent. Target hiked its dividend to $0.60 a share from $0.56 a share. The dividend will be payable September 10 to shareholders of record as of August 17.Including the increase announced today, 2016 is expected to be the 45th consecutive year that Target has boosted its annual dividend, according to a company statement.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
