Return of the dividend: Dick’s Sporting Goods and Target up dividends on reopening optimism

Dividends are back.

Two major retailers—Dick’s Sporting Goods and Target—reinstated or raised their stocks’ dividends, respectively, as stores start reopening across the U.S.

Target announced Thursday it was raising its quarterly dividend by 3%, from 66 cents to 68 cents a share (the 49th consecutive year the company upped its annual dividend). And Dick’s Sporting Goods, which had suspended its dividend in April, reinstated its dividend, paying investors 31 cents a share.

For those like LPL’s Ryan Detrick, the move by big retailers to up or reinstate dividends sends a loud and clear message to Wall Street: “‘We are

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