Local company news roundup

January 31, 2014 at 2:08AM

NEW BUSINESS

Target Corp., Minneapolis, said it will open a store in Kahului, Hawaii, in March. It will be the first Target store on the island of Maui.

DEBT AND EQUITIES

Allete Inc., Duluth, declared a quarterly dividend of 49 cents per share, payable March 1 to shareholders of record on Feb. 14.

Polaris Industries Inc., Medina, declared a quarterly dividend of 48 cents per share, an increase of 14 percent, payable March 17 to shareholders of record on March 3.

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The rise of target-date funds, though criticized as a one-size-fits-all approach, has relieved workers of the task of creating and managing portfolios. The only decision is guesstimating the year of retirement.

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