Target Corporation (TGT) will raise its quarterly dividend by 20 percent to $0.36 per share in 2012. This follows a 20 percent dividend hike by the company last year.

Target Corporation is a general merchandise retailer selling a wide assortment of general merchandise and food. The majority of Target's stores offer an edited food assortment comparable to traditional supermarkets, including perishables, dry grocery, dairy, and frozen items. The company sells national branded merchandise and its own branded products. Target was incorporated in Minnesota in 1902 and became publicly held in 1967.