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Press release from Business Wire

Target Corporation Increases Regular Quarterly Dividend by 20 Percent

Wednesday, June 13, 2012

Target Corporation Increases Regular Quarterly Dividend by 20 Percent13:30 EDT Wednesday, June 13, 2012 MINNEAPOLIS (Business Wire) -- The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of 36 cents per common share. The dividend is payable September 10, 2012 to shareholders of record at the close of business August 15, 2012. The 3rd quarter dividend will be the company's 180th consecutive dividend paid since October 1967 when the company became publicly held. About TargetMinneapolis-based Target Corporation (NYSE:TGT) serves guests at 1,763 stores across the United States and at Target.com. The company plans to open its first stores in Canada in 2013. In addition, the company operates a credit card segment that offers branded proprietary credit card products. Since 1946, Target has given 5 percent of its income through community grants and programs; today, that giving equals more than $3 million a week. For more information about Target's commitment to corporate responsibility, visit Target.com/hereforgood. For more information, visit Target.com/Pressroom. Target CorporationJohn Hulbert, Investors, 612-761-6627orJenna Reck, Financial Media, 612-761-5829orTarget Media Hotline, 612-696-3400