DAYTON HUDSON CORP
8-K, 1996-06-13
VARIETY STORES
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<PAGE>
 
                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D. C. 20549



                                    FORM 8-K



                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934



               DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):
                                 JUNE 12, 1996



                           DAYTON HUDSON CORPORATION
                           -------------------------
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)



        MINNESOTA                      1-6049                41-0215170
- --------------------------          ------------         -------------------
(STATE OR OTHER JURISDIC-           (COMMISSION             (IRS EMPLOYER
TION OF INCORPORATION)              FILE NUMBER)         IDENTIFICATION NO.)



           777 NICOLLET MALL
        MINNEAPOLIS, MINNESOTA                                  55402
- ----------------------------------------                      ----------
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)                      (ZIP CODE)



              REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:
                                  612-370-6948

<PAGE>

                                    FORM 8-K

ITEM 5.   Other Events.
- -------   ------------ 

          On June 12, 1996, Dayton Hudson Corporation (the "Corporation") issued
a News Release announcing a three-for-one split of the Corporation's Common
Stock and an increase in its quarterly dividend.  The News Release is attached
hereto as Exhibit 99.



                                   SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                              DAYTON HUDSON CORPORATION

                                              /s/ Douglas A. Scovanner
                                              -------------------------
                                              Douglas A. Scovanner
                                              Senior Vice President
                                              and Chief Financial Officer


Dated:  June 13, 1996




<PAGE>
 
                                                                      Exhibit 99

                                    [LOGO]

                           DAYTON HUDSON CORPORATION

                                                                    NEWS RELEASE


  FOR IMMEDIATE RELEASE                        CONTACTS:   Media:     Susan Eich
                                                                  (612) 304-0700
                                      
                                                           Investor:  Susan Kahn
                                                                  (612) 370-6735



                      DAYTON HUDSON ANNOUNCES STOCK SPLIT,
                               DIVIDEND INCREASE

     MINNEAPOLIS, June 12, 1996 -- The board of directors of Dayton Hudson
Corporation today approved a three-for-one split of the company's common stock.
Two additional shares of common stock will be distributed July 17, 1996 to
shareholders of record June 28, 1996.  The company said the stock split should
bring the company's price per share into a range comparable with the average per
share price of most other retail stocks listed on the New York Stock Exchange.
There are approximately 72.2 million shares of Dayton Hudson common stock
outstanding.  Dayton Hudson's last stock split was a two-for-one split in July
1983.

     Dayton Hudson today also increased its quarterly dividend to 48 cents per
common share (or 16 cents per share on a post-split basis) from 44 cents per
common share.  The dividend is payable Sept. 10, 1996 to shareholders of record
Aug. 20, 1996.  The third-quarter dividend will be Dayton Hudson's 114th
consecutive dividend paid since October 1967, when the corporation became
publicly held.  Dayton Hudson has increased the dividend annually for 24
consecutive years.

     Dayton Hudson Corporation specializes in large-store general merchandise
formats, including discount stores, moderate-priced promotional and traditional
department stores.  The company operates 1,049 stores in 35 states.  This
includes 688 Target stores, 297 Mervyn's stores and 64 Department Stores.

     Dayton Hudson news releases are available through Company News on Call by
fax at 800-758-5804 extension 342677 (DHCorp) or at http://www.prnewswire.com.

                                 #     #     #

             777 Nicollet Mall, Minneapolis, Minnesota  55402-2055

TARGET        MERVYN'S         DAYTON'S         HUDSON'S        MARSHALL FIELD'S




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