Target

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New Dividend: 36 cents quarterly (per share)

Dividend Percent Increase: 20%

Current Yield: 2.47%

Retail giant Target ( TGT) 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.

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