Retirement Stock Portfolio: 5 Safe Dividend Stocks To Consider

4. Target Corporation (NYSE:TGT)

Number of Hedge Fund Holders: 58

Target Corporation (NYSE:TGT) is an American retail company operating a chain of general merchandise stores across the country. The company offers a quarterly dividend of $1.10 per share and has a dividend yield of 3.35%, as of November 27. In the third quarter of 2023, the company returned $507 million to shareholders through dividends. With 52 consecutive years of dividend growth, TGT can be added to the retirement stock portfolio.

The number of hedge funds tracked by Insider Monkey owning stakes in Target Corporation (NYSE:TGT) grew to 58 in Q3 2023, from 45 in the previous quarter. The consolidated value of these stakes is over $1.3 billion.

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