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Target Declares Quarterly Dividend

From: ASAP

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The board of directors of Target Corporation (NYSE: TGT) has declared a quarterly dividend of 8 cents per common share. The dividend is payable December 10, 2004 to shareholders of record November 20, 2004. The fourth quarter dividend will be the company's 149th consecutive dividend paid since October 1967, when the company became publicly held.

Target Corporation operates Target Stores, a chain of large, general merchandise discount stores, as well as an on-line business called Target.com. The company currently operates 1,272 Target stores in 47 states.

Sept. 2004

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