Net sales rose 6.7% in the first quarter, with comparable sales up 5.6% — the retailer's first positive comp in five quarters

Target offers an annual dividend yield of 3.75%. So, how much would investors need to own to generate $500 in monthly dividend income?

While still in early stages, Target's efforts to revitalize the business appear to be paying off, reporting 6.7% net sales growth in Q1.