Target Corp. TGT shares climbed 0.2% Thursday in premarket trade after the discount retailer increased its quarterly dividend from $1.08 to $1.10 per share, a 1.9% increase. Dividends will be paid to shareholders who were in the record books on August 16th. The new dividend rate is based on the closing stock price of Wednesday, $133.23. This implies a dividend of 3.30%. Walmart Inc.’s WMT yield, at 1.45%, and the implied dividend for the S&P500 SPX, at 1.57%, are comparable yields. Target announced that it had increased its dividends for the 52nd year in a row. Walmart’s stock is down 10.6% for the year so far through Wednesday.