New Dividend: 36 cents quarterly (per share)
Dividend Percent Increase: 20%Current Yield: 2.47% Retail giant Target (TGT - Get Report) is having a solid year in 2012. Total returns year-to-date have come in at 14.6%, vastly outperforming the small increase in value that the S&P 500 has managed to eke out. And the firm is increasing shareholder returns even more thanks to a 20% dividend hike that brings its yield to 2.47%. Target has been making some big changes in the last few years. The firm's entrance into the grocery business has the potential to dramatically impact the firm's operations, diluting net margins while improving top line and bottom line numbers on an absolute basis. Again, here's a stock whose dividend hike I talked about last month. Surprise or no, 6 cents is a solid payout increase for the retailer. Target also shows up on a list of 5 Buy-Rated Stocks Outyielding the 10-Year.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts