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Target Affirms Dividend Increase After Press Release Gaffe

Photographer: Tim Boyle/Bloomberg
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Target Corp. reiterated a 7.7 percent increase in its dividend to 56 cents in an official statement, after a similar announcement was posted on its website earlier by mistake.

The retailer also affirmed a $5 billion boost to its stock buyback plan, it saidBloomberg Terminal in a Business Wire statement on Tuesday night.