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Target Corp. Declares Quarterly Dividend

From: ASAP

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The board of directors of Target Corporation (NYSE: TGT) has declared a quarterly dividend of 7 cents per common share. The dividend is payable September 10, 2003 to shareholders of record August 20, 2003. The third quarter dividend will be the company's 144th consecutive dividend paid since October 1967, when the company became publicly held.

Target Corporation operates large-store general merchandise formats, including discount stores, moderate-priced promotional and traditional department stores, as well as a direct mail and on-line business called target.direct. The company currently operates 1,494 stores in 47 states. This includes 1,167 Target stores, 265 Mervyn's stores and 62 Marshall Field's.

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