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Target sees $3 dividend by 2017, buybacks to continue
Minneapolis -- Target Corp. anticipates that its annual dividend may hit $3 per share or more by 2017, if its annual earnings are at $8 per share or more by that time.
Target on Monday said it has paid a dividend every quarter since it became a public company in 1967, and in 2011 the company marked its 40th consecutive year of annual dividend increases.
Target also announced that it plans to invest $1.5 billion or more in buybacks in 2012. It invested nearly $1.9 billion in stock repurchases last year.
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Alliance Data in new multi-agreement with Canada’s Toys"R"Us
DALLAS — Alliance Data Systems Corp. announced that its Canadian coalition loyalty business has signed a new multi-year agreement with Toys“R”Us, Canada to issue air miles reward miles in its 73 stores across Canada effective March 23.
The Air Miles Reward Program is Canada’s premier coalition loyalty program, with approximately two-thirds of Canadian households actively collecting reward miles.