Target Corporation Increases Regular Quarterly Dividend by 19 Percent

MINNEAPOLIS - June 12, 2013

The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of 43 cents per common share, representing a 19.4 percent increase from the prior quarterly dividend of 36 cents. The dividend is payable September 10, 2013 to shareholders of record at the close of business August 21, 2013. The 3rd quarter dividend will be the company’s 184th consecutive dividend paid since October 1967 when the company became publicly held.

About Target Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,832 stores – 1,784 in the United States and 48 in Canada – and at Target.com. Since 1946, Target has given 5 percent of its profit through community grants and programs; today, that giving equals more than $4 million a week. For more information about Target’s commitment to corporate responsibility, visit Target.com/corporateresponsibility.

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