MINNEAPOLIS, June 9 /PRNewswire-FirstCall/ -- The board of directors of Target Corporation (NYSE: TGT) has declared a quarterly dividend of 8 cents per common share. The dividend is payable September 10, 2004 to shareholders of record August 20, 2004. The third quarter dividend will be the company's 148th 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 an on-line business called target.direct. The company currently operates 1,577 stores in 47 states. This includes 1,249 Target stores, 266 Mervyn's stores and 62 Marshall Field's.

Target Corporation news releases are available at http://www.target.com .

SOURCE Target Corporation
-0- 06/09/2004
/CONTACT: Investors, Susan Kahn, +1-612-761-6735, or Financial Media,
Cathy Wright, +1-312-781-2979 or +1-612-761-6627, both of Target Corporation/
/Web site: http://www.target.com /
(TGT)