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Target says it did not release information on buyback, dividend

(Credit: Reuters) A sign for a Target store is seen in the Chicago suburb of Evanston, Illinois, in this file photo taken February 10, 2015.Target
June 9
6:23 PM 2015

Target Corp (TGT.N) did not release any information pertaining to its dividend and share buyback plans, company spokeswoman Molly Snyder said.

A release posted briefly on Target's website earlier on Tuesday said the company planned to raise its share buyback program by $5 billion to $10 billion and boost its quarterly dividend by 7.7 percent to 56 cents per share.

Snyder did not comment on the veracity of the information.

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