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Target Corporation Declares Regular 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 March 10, 2005 to shareholders of record February 20, 2005. The first quarter dividend will be the company's 150th 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 1,313 Target stores in 47 states.

January 2005

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